90+YR old Top Producing Liquor Store BIZ in NW DC NETS $173K!!

Asking Price$750,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$754,000

Inventory$190,000
Not included in asking price
FF&E$100,000
Included in asking price
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90+YR old Top Producing Liquor Store BIZ in NW DC NETS $173K!!


Asking Price$750,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$754,000

Inventory$190,000
Not included in asking price
FF&E$100,000
Included in asking price

Seller Financing Available
Business Description
Popular Liquor Store for Sale in NW DC!!
Class 'A' DC ABRA License | Low Rent & Long Term Lease | Staple Store in a NW Residential Community | Sales Steadily Growing

For over 90 years, this local community liquor store has been providing its loyal customers with a variety of wines, liquors and beers in very inviting, comfortable setting. Current owner for over 33 years, has successfully managed the business backed by the surrounding neighborhood. The clientele is extremely loyal to this store and there is a park nearby a lot of people congregate at which makes this business opportunity amazing for the new owner/s to immediately capture a solid footprints in this bustling Washington DC neighborhood.

LOCATION, LOCATION, LOCATION!!!!
Strategically located in one of DCs most diverse and close knit NW DC neighborhoods. Surrounded by cafes, salons, and eclectic restaurants, on a key busy avenue. The owner has been thriving for many years and new owner can continue the legacy of serving the marketplace, customers love this business, as a go to spot.

If you are truly interested in this value investing and long successful business opportunity, please contact us or you will receive a response. Please dont waste our time and we wont waste yours.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION!!!!!!!!!!!!!!!!!!

Location: High Visibility Cornerstone at busy intersection
Business Opportunity: Wines, beers & Liquor
Highly Profitable Site Net Margins: 40 %+/-.
Sales: +$754,000.00 (Including sales tax )
Net income/SDEs: $ 173,290.00
Yearly Revenue and Profit Trends: Steadily Growing
Inventory: $190,000 (approx.) NOT included in the asking price (fast moving varieties)
Long lease: Long term 5 YR + 5 YR OPTION - Store size 1,121 square feet
Low Monthly Rent $5,500 (NNN) with standard DC 3% Annual Lease increases)
Landlord quality: Excellent and Low Rent

Employees: Full time,1 Part time 1

Sale Price: $ 750,000.00 (Excl. inventory.)

LOYAL CUSTOMERS BASE TYPE
Well established mixture of large retail, commercial, and residential areas. Many pedestrians are waiting outside for the owner to open the store at 12pm somedays. With stricter and earlier hours, you will do more business.

This is a once in life and rare opportunity for an experienced buyer and selling only for the reason that owner is older and retiring and he has no succession plans in place. This store has a lot of online gamblers in the area and is adding new gambling machines from DC govt and will further boost the income stream. Fast moving and well balanced inventory. Inventory is not included in asking price.

Proof of Funds Required (upfront).

Seller Financing: Is available for high quality credit customers only.

Reason for Sale: Retirement

A Must see to appreciate.

Anyone interested must sign a confidentiality agreement with proof of funds before releasing any information. Please inquire for more details and learn how you can buy a business and know how we can help you use the creative and practical financing options, including the easy sellers financing to get a deal done!

THE UNMATCHED TRANSWORLD VALUE
This The White House Area downtown DC-based store for sale is proudly offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.

FOR BUYERS: Also, you may get added to our buyers list today to receive notifications as businesses with your criteria hit the market!

About the Business
Employees
3 (1 Full-time, 1 Part-time, 1 Contractor)
Facilities & Assets
Started opeations in 1935 and business has been growing steadily in revenue ad profitability due to good location and loyal customer base backed by products and services by the team of professionals. Owner has ensured that the product varieties are available and therefore cusotmers always get what they want at good price.
Market Outlook / Competition
Low competition thanks to their strategic location and attractive prices. The competitive advantage this business enjoys because of their location, surrounded by long established residential and commercials communities around the area.

The business is a winner in the competitive landscape in the area (2 miles radius) as they are like a supermarket and have been selling items (high margins grocery and food items) that are not subject to heavy taxes.
Opportunities for Growth
Strong growth potential with high levels of profitability forecasted in the coming years as customers are happy with the business and its prime corner location, the variety of products and services. Business knows their customers in terms of their evolving needs and wants and customers know this business for decades.

Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,700
Rent
$4,500.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
1 Week
Financing Options
Financing Amount $450.000,00 Interest 7% Terms Months 36
Listing Info
ID
2464708
Listing Views
145

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Business Listed by: Matthew Maier Transworld Business Advisors - Downtown Washington DC

Listing ID: 2464708 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. See our full Terms of Use. Learn how to avoid scams.


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