90+YR Old Top Producing Liquor Store BIZ In NW DC
Not Disclosed, DC District Of Columbia County
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- RE: 90+YR Old Top Producing Liquor Store BIZ In NW DC
- Contact: Matthew Maier
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $754,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $170,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 3 | |
| BBN Listing #: | 1005042 | |
| Broker Reference #: | 090122-875162 |
Business Overview:
For over 90 years, this local community liquor store has been providing its loyal customers with a variety of wines, liquors and beers in very inviting, comfortable setting. Current owner for over 33 years, has successfully managed the business backed by the surrounding neighborhood. The clientele is extremely loyal to this store and there is a park nearby a lot of people congregate at which makes this business opportunity amazing for the new owner/s to immediately capture a solid footprints in this bustling Washington DC neighborhood.
LOCATION, LOCATION, LOCATION!!!!
Strategically located in one of DCs most diverse and close knit NW DC neighborhoods. Surrounded by cafes, salons, and eclectic restaurants, on a key busy avenue. The owner has been thriving for many years and new owner can continue the legacy of serving the marketplace, customers love this business, as a go to spot.
If you are truly interested in this value investing and long successful business opportunity, please contact us or you will receive a response. Please dont waste our time and we wont waste yours.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION!!!!!!!!!!!!!!!!!!
Location: High Visibility Cornerstone at busy intersection
Business Opportunity: Wines, beers & Liquor
Highly Profitable Site Net Margins: 40 %+/-.
Sales: +$754,000.00 (Including sales tax )
Net income/SDEs: $ 173,290.00
Yearly Revenue and Profit Trends: Steadily Growing
Inventory: $190,000 (approx.) NOT included in the asking price (fast moving varieties)
Long lease: Long term 5 YR + 5 YR OPTION - Store size 1,121 square feet
Low Monthly Rent $5,500 (NNN) with standard DC 3% Annual Lease increases)
Landlord quality: Excellent and Low Rent
Employees: Full time,1 Part time 1
Sale Price: $ 750,000.00 (Excl. inventory.)
LOYAL CUSTOMERS BASE TYPE
Well established mixture of large retail, commercial, and residential areas. Many pedestrians are waiting outside for the owner to open the store at 12pm somedays. With stricter and earlier hours, you will do more business.
This is a once in life and rare opportunity for an experienced buyer and selling only for the reason that owner is older and retiring and he has no succession plans in place. This store has a lot of online gamblers in the area and is adding new gambling machines from DC govt and will further boost the income stream. Fast moving and well balanced inventory. Inventory is not included in asking price.
Proof of Funds Required (upfront).
Seller Financing: Is available for high quality credit customers only.
Reason for Sale: Retirement
A Must see to appreciate.
Anyone interested must sign a confidentiality agreement with proof of funds before releasing any information. Please inquire for more details and learn how you can buy a business and know how we can help you use the creative and practical financing options, including the easy sellers financing to get a deal done!
THE UNMATCHED TRANSWORLD VALUE
This The White House Area downtown DC-based store for sale is proudly offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.
FOR BUYERS: Also, you may get added to our buyers list today to receive notifications as businesses with your criteria hit the market!
FOR BUSINESS OWNERS, LETS HELP US SELL YOUR BUSINESS CONFIDENTIALLY
We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future, please contact us. Our buyers are already prequalified and willing to invest their time and money toward a business like yours in order to buy it soon.
All communications are kept STRICTLY CONFIDENTIAL for the sale of your business.
FOR INTERESTED PARTIES PLEASE CALL
Matthew Maier,
Business Advisor & Consultant,
Transworld Business Advisors, Downtown, Washington DC,
at Cell (571)-268-1884 or by email mmaier@tworld.com
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Started opeations in 1935 and business has been growing steadily in revenue ad profitability due to good location and loyal customer base backed by products and services by the team of professionals. Owner has ensured that the product varieties are available and therefore cusotmers always get what they want at good price.
Market Competition and Expansion:
Strong growth potential with high levels of profitability forecasted in the coming years as customers are happy with the business and its prime corner location, the variety of products and services. Business knows their customers in terms of their evolving needs and wants and customers know this business for decades.
Going forward the following marketing strategies and cost effective tools/ techniques will further help boost the business for the new owner:
-renewing focus on liquor, wine and spirits products
-deliveries to retail and commercial customers in DC and beyond
-direct mails (to further reach out local communities)
-on site marketing (weekly promotions to drive in more customers)
-run wine tasting events and allow customers to sample beverages)
-online marketing and sales (currently online sales are not happening whereas millennials and universities students' community are seeking online purchase options (for their private parties) and willing to pay more money for their purchases and other liquor stores are offering such services in DC)
-digital marketing campaigns will add more sales in future
-extended working hours (store can stay open till 12 pm or 1 am) that will boost sales especially on the weekends and public holidays
Low competition thanks to their strategic location and attractive prices. The competitive advantage this business enjoys because of their location, surrounded by long established residential and commercials communities around the area.
The business is a winner in the competitive landscape in the area (2 miles radius) as they are like a supermarket and have been selling items (high margins grocery and food items) that are not subject to heavy taxes. Additional complementary items like soda and juice, dry fruits, chips, lottery, cigarettes which some customers will mix their liquor with anyway, are offering high-profit margins (up to 80-100% profit margins on groceries items without the high tax).
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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