Liquor Store in Salem - High Traffic - Historic - Profitable!

Asking Price$495,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$953,000

Inventory$50,000
Not included in asking price
FF&E$30,000
Included in asking price
listing imageSave

Liquor Store in Salem - High Traffic - Historic - Profitable!


Asking Price$495,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$953,000

Inventory$50,000
Not included in asking price
FF&E$30,000
Included in asking price

Seller Financing Available
Business Description
TURN THE KEY AND STEP INTO PROFITS! Own a truly one-of-a-kind, historic liquor store located at the center of one of Massachusetts’s most vibrant and highly visited tourist destinations. This small-footprint shop delivers big results—combining the charm of a long-established neighborhood fixture with the profitability of a high-traffic retail operation.

Note: THIS LIQUOR STORE DID $1,300,000 in 2021. Due to some recent problems with the owner, the sales have gone down, but a new owner going in can bring them right back where they were. There are no nearby liquor stores. There are oodles of tourists that walk by this store from April to October. The tourist buses point it out when they drive post it. It's famous!

Despite its compact size, the store is a retail powerhouse, offering a complete selection of wine, beer, and spirits. It can also unique, high-margin opportunity: a custom T-shirt line that has the potential to cover most of your rent while adding a fun, creative revenue stream.

With decades of history, the store enjoys a loyal customer base of both local residents and returning visitors. Known for friendly, personal service, it consistently attracts steady business year-round. The prime location provides unmatched visibility—constant foot traffic, and even tour buses passing every hour, often highlighting the store’s rich history to riders.

Because of its small footprint and streamlined operations, the business is easy to manage and requires minimal staffing, making it ideal for an owner-operator or a buyer looking for a manageable, profitable addition to their portfolio.

A VIDEO TOUR, full business summary, including detailed revenue and expense breakdowns, is available upon request. To receive this information about this high-end, historically significant wine and liquor store, fill out the CONTACT FORM on this page and complete the brief form. A non-disclosure agreement will be required.
About the Business
Years in Operation
92
Facilities & Assets
The store is located at street level in the center of one of Massachusetts’s most important tourist/historic districts, historic Salem Massachusetts. There is available street parking near the shop, but most customers come to the store on foot, so this is not a big factor in sales. It is a small footprint store but still does a strong business, mostly from tourists but also the local residents. There is not another liquor store near the Salem waterfront. The store can be significantly improved with the addition of t-shirts and other ‘haunted’ themed prog
Website
http://www.goodmanonline.com
Market Outlook / Competition
It's the only liquor store in this historic part of town.
Opportunities for Growth
The seller has some great ideas to increase sales and profits. After you inquire we can discuss this hauntingly good idea with you.
Real Estate
Owned or Leased
Leased
Rent
$3,500.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
Seller will stay on and train the buyer for two weeks at no charge.
Financing Options
$200,000 down payment with balloon at end of two years.
Listing Info
ID
2445870
Listing Views

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Peter Goodman Goodman And Company Business Brokers

Listing ID: 2445870 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.