Highly profitable established liquor store located in a high density urban neighborhood with store frontage on a busy main street. The property includes the liquor store and additional storage space which allows the owners to take advantage of purchase discounts offered by distributors. This store has a proven track record of success and profitability with over 20 years of operations in the local community and itt has a loyal customer base drawn from the surrounding neighborhood. It is a high volume store with a high-margin product/packaging mix which increases profitability. The store has minimal local competition and there are limitations on new liquor licenses in the area. Additional streams of revenue include check cashing, bus pass sales, and lottery tickets. The store is approved to accept QUEST cards and has a cash machine on site. The current staff is dedicated and knowledgeable. They are one of the strengths of the operation. The business has a high level security system throughout, a walk-in cooler with multiple doors of cooler space, multiple cash registers with scanning capability and credit card terminals, ample parking, and many relatively new upgrades to the building and operating equipment. The business opportunity includes the real estate, which offers the advantage of controlling future occupancy costs. This business is turn-key for a financially strong and experienced operator looking to expand into the area, or an investment group looking for a great business to purchase that generates strong cash flow. Inventory is not included in the sale price. The owners may consider financing for financially a strong buyer with a significant down payment.
Asking Price $1,795,000
Sales Available On Request
Profit Available On Request
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