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