Beverage Store Has Room to Grow
| Asking Price: | $49,000 | Inventory: | $20,000 ** |
| Gross Revenue: | $163,195 | Real Estate: | n/a |
| Cash Flow: | $57,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This beverage store has functioned as a one-man operation for the last 14 years. Although it has been profitable, a new owner could increase revenues significantly. Store hours are somewhat limited and often inconsistent. Revenue streams include beverage sales, lotto, check cashing at 2% and money orders. Check cashing is the primary source of income for the business, but owner has declined to become licensed which prevents him from cashing checks over $1000. Busy industrial center less than a mile away offers a potential customer base. If buyer becomes licensed to cash checks, entire investment could be regained in the first year. Seller is motivated. Inventory is for sale at cost.
About the Business
Year Established:1993
Employees:1 full time -
Facilities:2000 sf; rent is $1200 per month
Market Outlook and Competition:If new buyer gets licensed to do check cashing, there is major industry within ½ mile of this location. Just the check cashing can be a solid revenue source. Hiring help in order to keep more consistent hours of operation, and giving better customer service will significantly increase the revenues for this business.
About the Sale
Reason For Selling:retirement
KEYWORDS: beverage, retail, liquor, wine, lotto, check cashing
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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