Established Profitable Liquor Store

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Established Profitable Liquor Store
Asking Price:
$800,000

Gross Revenue:
$2,800,000
Cash Flow:
$274,000
EBITDA:
$274,000
Inventory:
$200,000
not included in asking price

FF&E:
$74,000
included in asking price

Real Estate:
$2,250,000
not included in asking price

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Business Description

One of the largest liquor stores in semi-rural Colorado, prominently and strategically located, offers easy cash-flow to an owner-operator or to an absentee-owner. The seller also owns the underlying real estate and would extend a right-of-first refusal on the underlying property, with the intent to sell the property 2-3 years following the sale of the business. The property would rent to the new owner at $16/square foot/year plus expenses (taxes, utilities, insurance, etc.). The building is 8,000 square feet. The business currently carries approximately $500,000 in inventory, at cost, and the seller would be willing to reduce inventory to as low as $200,000 in order to make the business more affordable to purchase.

About the Business

Year Established:
2003
Number of Employees:
12
Real Estate:
Owned
Building Sq. Ft.:
8,000
Facilities:
Located very near a large retail complex with major chain stores, the facility has high ceilings and ample parking, off a main thoroughfare with high traffic.
Market Outlook/
Competition:
This is the largest and most competitive liquor store within a 20(+) mile radius.
Growth & Expansion:
With 13 years in its existing location, and at over twice the size of its nearest competitor, this business enjoys several competitive advantages that can be leveraged with a modest marketing budget.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
6 weeks, no cost

Listing Info

ID:
1484491
Ad Detail Views:
3462

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Business Listed by

John Hornblower

VR Business Brokers Aspen, CO
License# ER100051568

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