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Wine/Liquor Store in Washington DC?

Is this a good time to buy a wine/liquor store in Washington DC area? How is the wine and liquor business in this economy? Is 4X the cash flow a good price for a store? Thanks for your help.

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Don, thanks for your response. Why do you think now is a good time to buy? Is Washington DC a good place to buy a wine/liquor store? Can you tell me more about what you said about the competition? What is a good multiple for a wine store? Thanks for your help.

Oct 19, 2009
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The BAF Group LLC
MD

It is a good time to buy. But 4X is a bit high. Unfortunately, in this area (I am in that area,) competition is pushing the prices up to higher lengths than ever before.

If you are looking in Maryland, call me. I have access to one that is more moderately priced and, depending upon your available cash, might be a very good deal.

Oct 19, 2009

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