PENDING - Liquor Store Near Beautiful State Park
Listing Price: $689,999
- Asking Price: $689,999
- Cash Flow: N/A
- Gross Revenue: $1,066,339
- FF&E: $35,000
- Inventory: $100,000
- Rent: N/A
- Established: 2008
Turn-Key Store in Great Location
This store is in a beautiful location with South Higgins Lake State Park directly behind it. There are 600 campsites bringing in a steady stream of visitors along with area locals. The store offers a great selection of alcohol as well as homemade pizza. The owner has been here from the start and is an active owner/operator.
Annual sales without lottery for 2020 were $1,124,134 and for 2021 were $1,115,242!
Liquor is bought from the state and sales are 7.5% above the minimum shelf price.
2020 - $250,756
2021 - $225,973
Beer cases are purchased from 3 distributors.
2020 - 15,332 cases
2021 - 14,461 cases
2020 - $24,521
2021 - $33,560
Location: Roscommon County, MI
Inventory: Inventory not included in asking price
Real Estate: $350,000
Building SF: 2400
Facilities: 2,400 square-foot building with 17-door deep walk-in coolers, pizza oven, 2 prep tables, 3 compartment sinks, and 2 ice cream freezers. There's a security system, storage space, tenant controlled HVAC, air conditioning and signage.
Competition: This store is in a prime location and there is no direct competition in this area.
Growth & Expansion: A new owner/operator could grow the business by offering more hot food.
Seller Financing Available: Yes
Financing: $200,000 down payment. Amortized for 10 years at 8%. $5,945.05/monthly
Support & Training: The seller will provide training for up to 14 days at a minimum of 4 hours per day at no additional cost to the buyer.
Reason for Selling: Other commitments