Beer & Wine + High Volume Check Cashing

Not Disclosed, TX
Dallas County

North Dallas

Asking Price: Annual Revenue:
$529,000 $810,000

Food & Beverage: Convenience Stores

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RE: Beer & Wine + High Volume Check Cashing Broker: Moon Kim

Quick Facts

Asking Price: $529,000
Annual Revenue: $810,000
Net Profit: Not Disclosed
Cash Flow: $240,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 7
BBN Listing #: 771819188
Broker Reference #: 001001

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Business Overview:

High volume beer & wine Convenience-store with check cashing service located in a densely Hispanic area is available for acquisition. This business was established by the previous owner in 2008 and was acquired by the current owner in 2018. Products & services provided at this store include large selections of beer, wine, soft drinks, chips, phone cards, cigarettes, household items, check cashing and money order service. The previous owner installed a state-of-the-art money transfer & check-cashing booth which was $45,000 in cost production. As a majority of the population in this area is Hispanic, the check cashing and money transferring service is rapidly growing which is increasing yearly sales each year. Few competitors are within the immediate market area, but the growth of the business hasn't slowed down since its inception due to a large selection of alcohol and check cashing & money transfer services. Gross sales average of this beer & wine Convenience-store with check cashing service is around $810,000/year ($45,000 to $50,000 per month from Convenience-store / $22,000 to $23,000 commission income from Check Cashing) that has been consistent over the last several years with minimal marketing in place except thru a word of mouth. Proactive marketing is still needed to fully reach the potential this business can achieve through weekly deals, specials, discounts, more selections and flyers to nearby neighborhoods. A full-time owner-operator will be extremely beneficial for this business as it will cut payroll expenses on having unnecessary employees and boosting the quality of the customer service. Acquisition of this business would be a great asset to the new owner as this business increase in revenue in this densely populated area of Hispanics where there's a never-ending demand for check cashing & money transfer services.

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Property Features and Assets:

This business is located in a 3,225 Square Feet retail strip center with extremely visible signage. All equipment is in impeccable condition and in great working order. The store is featured with a state of art bullet-proof check cashing booth. / Inventory: $70,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market, but this beer & wine store hasn't stopped growing since the establishment and varieties of alcoholic beverages that are updated regularly which in result provides customers with a wide range of selections. Growth and Expansion: Alcoholic beverage selections increase for the inventory and the addition of check cashing/money order has spread word of mouth throughout the area it's located in. Proactive marketing to nearby neighborhoods and businesses will increase revenue.

Reason for Selling:

Other Opportunities.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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