Busy season-Liquor store - High growth Austin area - $40k cash flow

Austin, TX (Travis County)

Busy season-Liquor store - High growth Austin area - $40k cash flow

Asking Price:$84,900

Cash Flow:$40,552

Gross Revenue:$175,551

EBITDA:N/A

FF&E:N/A

Inventory:$45,000

Rate/Sq. Ft.:N/A

Established:2014

Busy season-Liquor store - High growth Austin area - $40k cash flow

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Business Description

This is the chance to buy an established liquor retail store in the Austin metro area. The store sells spirits, wine, beer, mixers, sodas and tobacco products. The customers are commuters and residents within a three mile radius of this hyper growth area. The store is adjacent to a great anchor store. There is a planned community behind the store that could significantly increase traffic. The lease gives the store owner the exclusive right to have the only liquor store in the shopping center.
Reluctantly, the current owner has decided to focus on and grow his other business. The current owner believes that the right owner can really grow this location and get more traffic through reasonable efforts by getting more exposure through the city and university. Potentially, organic growth can be expected into the next decade.
The store started in 2014. It is a potentially attractive acquisition for a new owner for several reasons. The Seller has successfully built a brand around the business. A new, more involved owner could spend more time at the business, driving traffic to the location. A more “hands-on” approach will likely increase sales, according to the current owner. A new owner could also ramp up advertising efforts.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,300
Lease Expiration:
N/A
Employees:
1
Facilities:
Typical of a liquor store including large walk in cooler with shelving. Several aisles with shelving for spirits, wines, beers and mixers. Office with storage and restroom. Entire space measures 1300 sq/ft.
Competition:
Easily accessed location and supported by citizens who look for local businesses.One of the fastest growing areas of the Austin metro area. This store is one of the best locations for a liquor store because it is close to a major shopping center and one of the largest university areas. A new residential area is being built adjacent to the store.
Growth & Expansion:
With a more robust marketing plan, there are excellent future growth opportunities for a new owner. A more aggressive marketing plan to reach more customers and neighborhoods should be on a new owner’s wish list. This could include search engine optimization for the website and more networking/advertising. Possible to add check cashing, ATM, restaurant/bar delivery services and possible University Fraternity delivery.
Support & Training:
Yes
Reason for Selling:
New business endeavors

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Derik Polay

Business Listed By:
Derik Polay

CGK Business Sales

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Sponsoring Broker:
Greg Knox

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