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Details - Information last confirmed on October 5, 2020
This listing is for a one-stop shop liquor store. The business caters to the local community with a very family-friendly vibe. Customers that come here are from the surrounding neighborhoods. Although over 70% of sales is from beer and liquor, customers in the area do come here to buy occasional groceries, soft drinks, snacks etc.
This business was established and opened in April 2020 right in the middle of the pandemic. Liquor stores are one of the businesses that thrived during the pandemic and are generally a highly sought-after business.
The husband-and-wife team carefully chose this location where their business has high visibility and rent is low. The rent is fixed for the remainder of the term that expires April 2024. Customers of this location are from the apartments and many neighborhoods nearby. This liquor store also has a busy Thai restaurant neighbor where many customers come by to buy alcohol to bring back to the restaurant due to the restaurant having an open BYPB policy.
The current owners have done zero advertising, so business has not reached its full potential. The last quarter of 2020 has seen a tremendous picked up with more and more customers learning out about this location. There is huge opportunity for a new ambitious owner to tremendously grow this business. With strong efforts on marketing, offering deliveries, servicing wholesale accounts and adding more inventory, this store has the potential increase its sales volume and profits!
Due to personal reasons in the home country, owners need to sell quickly.
Seller is willing to finance up to 50% of the deal for a qualified buyer.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.