WASHINGTON, District of Columbia
| Asking Price |
$399,900 |
Year Established |
|
|
| Annual Revenue |
$670,817 |
Reason for Selling |
Succession planning. |
|
| Annual P/L |
|
Attention |
Erik Woodworth |
|
| Annual Cash Flow |
$108,748 |
Listing Number |
531099 |
|
| # of Employees |
3 |
Business Category |
Food & Beverage: Liquor Stores |
|
Business Overview:
Mid-sized Northwest Washington DC beer, wine and liquor store (Class 'A' Retail ABRA License) near DuPont Circle, hotels, offices and affluent residential neighborhoods.
Very clean and inviting space with walk-in cooler and good storage space (over 1,600 square feet). Great corner visibility on major DC thoroughfare.
Sells fine wines, craft beers and quality spirits, cheese, crackers, cigarettes/tobacco, sodas and candy. Lottery sales. Could potentially expand by offering check cashing and money orders if new owner desired.
Opportunity to expand sales by improving online and social marketing: this store currently has low visibilty on mobile other electronic searches despite a very good reputation. Also more competitive pricing (gross margin has been over 45%!) and increased delivery services may produce top-line growth.
Heavily owner-operated with some assistance from trained staff; new owner could do the same, or could rely more heavily on an employee-manager at this location.
Clean books and records - not always easy to find at a store this size; should qualify for SBA-guaranteed loan subject to purchaser's credit.
Don't miss this opportunity to own a gem of a DC liquor store with an excellent history and good lease in place.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity