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TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-913265ASKING PRICE FOR BUSINESS: $165,000PLUSINVENTORY AT TIME OF CLOSING: $160,000 (approx. current)Originally opened in 2008, this well established and extremely popular neighborhood liquor store was sold to the current owners in 2021. Upon purchasing the store, the sellers spent thousands of dollars updating the fixtures, the equipment and made ample leasehold improvements. More importantly and impressively, they have spent hundreds of thousands of dollars updating, upgrading and growing their impressive inventory. Since late 2021, they’ve consistently added several hundreds of thousands of dollars to inventory to bring it up from $45,000 when they purchased the store to over $160,000. The intent was to build up the inventory, including specialized bourbons and other sought-after liquors, improve the space and fixtures and then get profit margins to 30 % once the store was up to date and fully stocked. The current owner/operator is on track to get the profit margins in line with goals. Sales in 2023 were $580,523 with an SDE of $40,143. In 2022, total sales were $511,418 with an SDE of $49,546.
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