Liquor Store With Rare Selection

Not Disclosed, TX
Denton County

North Dallas

Asking Price: Annual Revenue:
$102,500 $367,107

Food & Beverage: Convenience Stores

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RE: Liquor Store With Rare Selection Broker: Kevin Chung

Quick Facts

Asking Price: $102,500
Annual Revenue: $367,107
Net Profit: Not Disclosed
Cash Flow: $42,719
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 2
BBN Listing #: 161619188
Broker Reference #: 000811

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Business Overview:

Prime location liquor store stocked with rare selection in affluent neighborhood and exclusive to the local area is available for acquisition. This business was established 7 years ago in 2012 by the current owner of the business. Competition can be expected for the liquor store industry, but this business has exclusive rights to sell liquor within the mixed-use development area and has built great relationships with the vendors to provide rare products not sold anywhere else. Most of the customers are upper-class Caucasian individuals from the nearby residential condos, town homes, and houses that are one-of-the-largest housing sub-division within the states surrounded by wealthy individuals with large amounts of disposable income. This business used to provide wholesale to local golf courses and nearby restaurants, but due to minimal profit margin, they discontinued this part of the business for the past few years. The overall sales has been in the low to mid $400,000/year with the wholesale sales included, but since discontinuing the wholesales, the sales did decrease to mid $300,000/year but with better profit margins. Traditional marketing tactics may be extremely beneficial to increasing the sales as there are many new residents that are coming to live in the condos due to new residential areas being built nearby. New multi-family housings are constantly being built, including town homes within walking distance from the business. There are many ways to proactively market this business such as flyers, direct mailing, weekly specials, social media outlets and stocking up on variety of wines as the margin is fantastic. New businesses are being opened in the village shops and partnering with artisan cheese and gourmet food store next door to do wine tasting will surely increase overall sales. Introducing a new set of wine products will entice the many individuals that actively seek these products and increase the sales. This business has everything in place from operation to variety of products to have a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

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Property Features and Assets:

This business is located in a 1,600 Square Feet mixed-used development building placed next to one-of-the-largest housing sub division in the United States and surrounded by many high-end retail business. / Inventory: $75,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: There are no competitors within the immediate market area due to the exclusivity of liquor sales at this business only within the mixed-use development area. Growth and Expansion: Some marketing is done through online resources, but traditional proactive marketing methods are needed to reach out the new residents around the nearby residential areas.

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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