Established Liquor Store with Property

Middlesex County, MA

Established Liquor Store with Property

Asking Price:$899,000

Cash Flow:$161,673

Gross Revenue:$816,000

EBITDA:N/A

FF&E:$25,000

Inventory:$85,000*

Real Estate:$424,000

Established:1988

*not included in asking price.

Established Liquor Store with Property

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Business Description

Exceptional opportunity for the right buyer. Current owner of 28 years is retiring. He is selling the business along with the property. Year to date liquor sales are up almost 12% with a 30% gross profit margin and projected 2016 gross revenues of $816,000. The store is located on a main street location with a healthy mix of restaurants and retail shops. A new owner could increase sales through cosmetic improvements and a greater selection of product offerings. New owner will have the flexibility to occupy the apartment or rent for additional income.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
4,400
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The lot is 3,873 square and the building is 6,200 square feet. The store is 1,800 square feet with an apartment upstairs and a basement. There is on street parking and parking behind the building.
Competition:
Been at the same site for 28 years! Average competition.
Growth & Expansion:
New owner can increase sales through cosmetic improvements, a greater selection of product offerings, online sales and local deliveries.
Support & Training:
Whatever is reasonable.
Reason for Selling:
Retiring.

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Buddy Carp

Business Listed By:
Buddy Carp

Squizzero & Associates

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Sponsoring Broker:
Joe Squizzero

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