Aggressively Priced - High Traffic Liquor Store With Seller Financing

Detroit, MI (Wayne County)

Seller Financing Available
Seller Financing Available With Just 100K Down

Asking Price:$200,000

Cash Flow:N/A

Gross Revenue:$1,120,000

EBITDA:N/A

FF&E:$15,000

Inventory:$50,000*

Real Estate:$125,000*

Established:2004

*not included in asking price.

Aggressively Priced - High Traffic Liquor Store With Seller Financing

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Business Description

Well established liquor store doing large numbers, over $1,000,000 is sales last year! Owners have been running it for the past 12 years and they are getting bored. Everything is finely tuned with well stocked, high demand inventory, and very consistent sales with a lot of regulars coming in daily. Huge potential for expansion, they currently aren’t offering prepared foods, check cashing, money orders, or bill payment services. Close to Boston Edison district and two major roads. Building is in good shape with a lot of updates— just installed new LED lighting throughout, completely replaced the exterior brick on the building, new furnace, and much more. Plenty of space with 1,800 sq feet, and opportunity to expand into building next door at a great price. Business has been priced under market value to sell quickly.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
1,800
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This building is in great shape with lots of updates. New LED lighting throughout, new furnace, completely new brick exterior, and more. There is an opportunity to expand that you really need to see in person; it could drastically increase sales. All coolers, security systems, POS, and other equipment is being included in the sale. Plenty of parking is available.
Competition:
This is a well established business in an area that will always have a need for the services provided, minimal competition and near major roads.
Growth & Expansion:
Call broker for specific details; adjacent building is for sale at a huge discount and would allow for a great expansion opportunity. Additionally, current owners are not selling prepared foods, doing check cashing, money orders, or bill payment services. Adding these could increase sales substantially.
Financing:
$100K Down
Support & Training:
Owner is willing to assist in the transition with the right offer.
Reason for Selling:
Other Business Interest

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Richard Goodman

Business Listed By:
Richard Goodman

Equation Capital Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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