Liquor and Gift Store with Real Estate Olympic Peninsula

Hoodsport, WA (Mason County)

Seller Financing Available
Liquor and Gift Store with Real Estate Olympic Peninsula

Asking Price:$545,000

Cash Flow:$56,371

Gross Revenue:$296,451




Real Estate:$485,000


Liquor and Gift Store with Real Estate Olympic Peninsula

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Business Description

This business has been serving their rural, waterfront community by providing quality liquor and unique sundries/gifts since 1997. Having been in the community for so long, they have become an iconic destination for locals and tourists alike. The store is primarily owner operated while utilizing a few part time employees. With the business comes a well maintained commercial building with a residential building behind it that has a picturesque waterfront view. Currently the residence is rented on a month to month basis. The real estate is available without the business at a price of $485k and would be perfect for a variety of other uses. There is major growth happening in the community as upscale shops, coffee bistros and craft distilleries are thriving. If you are looking for a country lifestyle or are just ambitious in your vision for this business or real estate, take advantage of the opportunity and contact us today!

Detailed Information

Real Estate:
Included in asking price
Building Sq. Ft.:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Located in the busy commercial district of a rural waterfront community on the Olympic Peninsula, the facilities are included in the purchase price but are available separately from the business for $485k. The commercial real estate consists of 2240sq ft with approximately 10 parking stalls. There is also a residence behind the storefront with waterfront views. The residence is 4 bedroom and 1.5 bath at 1021sq ft with a two car garage. The residence is leased on a month to month basis and has separated electrical.
The business also sells liquors and there is competition down the street at a grocery store. They also sell a wide variety of unique gifts for which there is very little competition.
Growth & Expansion:
This is basically a lifestyle business that provides a modest income to the owner. With the seller being willing to sell the real estate separately without the business, an ambitious buyer could utilize the buildings for some other purpose. If the existing space was utilized judicially, a buyer could also engage in other business while keeping the existing business operational for cash flow.
Seller is open minded for a qualified buyer.
Support & Training:
Seller will provide a transition and training as required by the buyer. If the buyer only wants to buy the real estate and not the business, the seller asks for enough time to wind the business down with a liquidation sale.
Reason for Selling:

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Wes Martin

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Wes Martin

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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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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