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How much capital need to buy a liquor store

I am interesting to buy a liquor store. But I would like to know how much capital riquire .

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Answers (2)
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The Dean Group
Principal
CT

Depends on where you are too. Here in Connecticut they are in such high demand typically cash deals are done a day or two after they become available.

You also have to consider the inventory.

Most banks here won't loan a cent toward the liquor store. I switched banks because the bank I dealt with for five years on my first store wouldn't touch the financing on my second.

Drop me a line if I can help. The liquor business is my favorite business.

Regards,
Matt DeAngelis
matt@netresource.com

Aug 29, 2009
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The BAF Group LLC
MD

It depends on the size of the Liquor Store. But as an example, the last one we sold required 30% down, plus the Inventory. The Seller carried the rest of the note. Then, the Buyer held onto enough cash to fund three months of operating expenses.

But it depends on the size of your acquisition and the deal you strike with the lender, no matter who or what the lender is.

Aug 19, 2009

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