$500,000 NET #9 Absentee Liquor Store and #10 Conv

Glendale, AZ
Maricopa County

Asking Price: Annual Revenue:
$1,550,000 $2,340,000

Food & Beverage: Liquor Stores

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RE: $500,000 NET #9 Absentee Liquor Store and #10 Conv Broker: Mike Darmo
Owner Financing is Available!
Seller will Carry with $1,000,000 down and balance for 3 years at 7% Interest

Quick Facts

Asking Price: $1,550,000
Annual Revenue: $2,340,000
Net Profit: Not Disclosed
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 625059836
Broker Reference #: Not Disclosed

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Business Overview:

If you are looking to start a solid business portfolio by owning two businesses right off the bat then look no further. This large centrally located liquor store and convenience store near by right behind the liquor store has a solid location and track record and business with #9 license which its fair market value is above $320,000 then look no further. This liquor store is a generous size at about 2800 sq.ft. with a great lease in place at only $3795 per month for 10 years with options and the convenience store is 2900 sq.ft. with a lease rate of only $4200 with 3 years left. The liquor store does around $120,000 a month in sales and the convenience store does around $75,000 in sales monthly. The Liquor Store's Average Net for Seller take-home is $32,500 per month and the Convenience Store is around $9,000 per month and the owner visits both location only around 10 hours a week so you can consider this business as an absentee run business. The liquor store also has kitchen equipment in the back that can be used for a further revenue stream. The liquor store currently has 4 employees and the convenience store has 3 employees and high payroll and still maintains an average of above $41,500 NET a month in the owner's pocket. The both stores have tons of parking and is always very busy. The liquor store faces a major busy street. The liquor store has around $125,000 in inventory and the convenience store has around $55,000 in inventory. Seller will carry price and inventory with $1,000,000 down and balance for 3 years at 7% Interest. Hurry up these kinds of stores go very quickly especially when it is centrally located like this one.

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Property Features and Assets:

2900 sq.ft. large convenience store at the end cap of a strip center with ample parking. 2800 sq.f.t liquor store at the end cap of a strip center with Major Street Exposure.

Market Competition and Expansion:

Tons of room for growth and additional revenue streams and cutting payroll with a more involved owner.

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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