Turn-Key Liquor Store in Romulus, Michigan
Listing Price: $1,090,000
- Asking Price: $1,090,000
- Gross Revenue: $850,067
- Inventory: $175,000
- Established: 1994
Business Description
Beautifully Remodeled
This store has been completely remodeled and is turn-key for a new owner/operator. It is located in Romulus, Michigan. After 30 years of operating the business, the owner is ready to move on to other interests. The building is freestanding and in a prime location with 18 parking spaces. They have a good variety of liquor, beer, and wine and also serve PIZZA and BROASTED CHICKEN. Sales for hot foods are approximately 25% of the store's total sales. This business and property have been PRE-APPROVED for SBA Financing for qualified buyers.
A new POS system, AC unit, and coolers are just a few of the items updated during the renovation. A new owner can grow the business by increasing the hours and opening on Sundays and holidays. The current hours of operation are Monday through Friday, 8:30 am-10 pm, and Saturday, 10 am-10 pm. They are closed for over 62 days a year.
The following services are included:
Check cashing ($4k-$5k monthly commission)
EBT
Lottery ($35k for 2023)
Money Orders
Cash Flow is $180,707 (2023 tax returns, rent is included)
Detailed Information
Location: Wayne County, MI
Inventory: Inventory not included in asking price
Real Estate: Yes
Building SF: 2960
Employees: 2FT / 1PT
Facilities: This freestanding, 2,800-square-foot building is located on a busy street with 18 parking spaces. It is conveniently located within minutes of the airport.
Competition: There is no competition in the immediate area.
Growth & Expansion: Increase hours and open on Sundays and holidays. No advertising is done so a new owner can grow the business through marketing.
Financing: SBA-Approved
Support & Training: The seller is willing to train a new owner.
Reason for Selling: Other business interests
- Listing ID: 54349
- BizBuySell ID: 2246659