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Liquor Store with REAL ESTATE - Convenient Location

Listing Price: $1,399,999

 Listing Type: Liquor Stores

 

Listing Price:  $1,399,999

 

Cash Flow:  $163,174

Gross Revenue:  $1,608,133

EBITDA:  N/A

FF&E:  $150,000

Inventory:  $200,000*
*not included in asking price

Real Estate:  $700,000

Established:  1980

*not included in asking price.

Business Description

$1,608,133 Sales For 2021! Real Estate Included In Asking Price

REAL ESTATE – RENTAL INCOME OPPORTUNITIES!!

This is a great liquor store located in Garden City on a very busy main road.
This location has generated sales over $1.6M for the last couple of years with limited hours. New owner could increase sales drastically by increasing hours and inventory.

The sale price includes two adjacent units that total 2900 square feet. They are currently vacant but have been leased in the past. The seller purchased them recently. The seller also owns an adjacent lot that could be purchased for $500,000.


Detailed Information

Location:
Wayne County, MI
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,420
Employees:
2FT/2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a standalone plaza on main roadway offering the liquor store at 2,520 square feet with two additional spaces at approximately 1,450 per each space.
Competition:
Continue to market within the local community.
Growth & Expansion:
Established a strong market plan to include all forms of social media and Google Adwords. Increasing hours will also help. Seller is getting older and is not willing to stay as late as he used to.
Financing:
SBA – CASH
Support & Training:
The Seller will be available for 14 days at a minimum of 4 hours per day at no additional cost to the Buyer
Reason for Selling:
Retirement After 40 years!
  • Listing ID: 1550
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