Business Description

This business was designed and is running mainly as an upscale wine and spirits enterprise, the owner concentrating on making profits in the package store business. As such, gross margins run in the 28% to 33% range and the owner is the primary operator with one or two part-time employees. The business is located in the central business district of town on the primary thoroughfare. The regional area in which the business is located has experienced significant growth in residential and commercial construction over the past ten years. Store sales have exceeded $1,000,000 per year within the past six years but the recession has caused some decline recently. The business is in a strategic location with respect to serving the town and local community. The facility has one large walk-in cooler and the balance of space is devoted to product display. Additional space availability is possible to support growth, if desired by purchaser. Inventory runs in the $125,000 range and is not included in the purchase price.

Detailed Information

Facilities:

Business was established by the current owner in year 2001 at which time all new lease renovations and new equipment purchases were made. Space rented is roughly 3,000 sq. ft. in a large, prominent, two-story strip mall. Lease runs through October, 2011 with a five-year renewal option. Rent expense, including R/E Taxes and common charges, is $3,600 per month.

Competition:

Competition is limited by zoning regulations and will not be an impediment to future growth of the business.

Growth/Expansion:

Business is located in a growing region of the state, so a continued well managed business will see sales increases naturally occur.

Support/Training:

Owner will spend sufficient time after the sale of the business to adequately train the purchaser.

Reason Selling:

Owner has another business opportunity to pursue.