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PENDING - Liquor Store Near Beautiful State Park

Listing Price: $689,999

 Listing Type: Liquor Store, Convenience Store, Supermarket, Specialy Store

  • 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

Business Description

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
Lotto Commission:
2020 - $24,521
2021 - $33,560

Detailed Information

Location: Roscommon County, MI

Inventory: Inventory not included in asking price

Real Estate: $350,000

Building SF: 2400

Employees: 2PT

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

  • Listing ID: 7930
  • BizBuySell ID: 2094151
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