Retail - Liquor Stores

Asking Price	$750,000	Inventory	$60,000**
Gross Income	$725,100	Real Estate	$400,000*
Cash Flow	$80,000	Year Established	1952
FF&E	$75,000 approx*	Employees	2 p/t

* included in the asking price

** not included in the asking price

The business has had increasing gross sales over the last 20 years. The gross profit margin in 2008 was 28%, which is 5% higher than most liquor stores. Cashflow of $80,000 is based on the 2008 income and assuming an owner operater works store with $26,000 of part time help and after $3,000 per month rent is paid to owner but before any debt service is paid on business. Seller will finace the business and real estate with $200,000 down plus inventory. The monthly payment for business and real estate will be $5,000 with 5%interest.. or will take $650,000 cash plus inventory.

Facilities: Building is 2,027 square feet with 2027 square foot basement. taxes are $9,678 payable 2008. assessed value of $370,000

Competition: This store is located within walking distance of three on-sale bars, which attarks a lot of customers to this business. This business also provides delivery to many of its customers. the gross profit margin was 28% for the year 2006, which nis about 5% higher than most liquor stores.

Growth/Expansion: The current owner has owned this business for the last 20 years.

Financing: cash out or carry back real estate on C/D

Support/Training: Seller will train

Reason Selling: retirement