A high-end liquor store in a busy, popular part of town.
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Property Features and Assets:
This business is a high-end liquor store in Benton County that is located at a busy intersection. Since it opened it has been an absentee-owned operation that requires very minimal owner involvement. In the store you will find an excellent selection of items across all major categories, point of sale signage to aid in customer navigation, quality finishes, and relatively new equipment, making this store unique from its competitive set. The weekly sales are very consistent without any marketing currently in place. Opportunity exists to grow sales and profit with a more aggressive owner who wants to buy into deals and advertise to claim market share. Expansion opportunities may also exist for the near future, if desired.
Market Competition and Expansion:
A few small shops currently compete within a few miles of the store. Many believe one of the weaker players could bow out in 2017, with their sales transferring to their remaining competitors. If this happens, this would likely have a significant and immediate positive impact on this business. The high volume stores are already established, so there shouldn’t be a risk of another major player coming in anytime soon.
A few clear opportunities exist to grow the business. 1) Improve gross margin performance buy buying in heavy for vendor deals. 2) Advertising aggressively to position as the preferred store in the immediate area. 3) Expand hours of operation by opening earlier 4) Negotiate volume deals with local restaurants who are required by law to bring certain products through a retail store based on their type of liquor license. 5) Future expansion into neighboring retail space.
Reason for Selling:
Recoup capital for real estate investment.
- 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.