17 Yr Old Western Colorado Liquor Store, $1.5MM Rev, $188K Adj EBITDA
Western CO Liquor Store, $1.5MM Rev, $188K Adj EBITDA, Growing, Location Driven,
Glenwood Springs, CO
17 Year Old Location Driven Beer, Wine, and Liquor Store in Growing Western CO Town
The 2014 revenues were $1,495,749 through December 31st with $188,866 in adjusted net income. Both the revenues and adjusted net income have been up every year for the last 5 years. The owner anticipates that 2015 will be a continuation of that trend with all of the new construction in their area.
The sales are location driven and this store benefits from being right next to the main grocery store in their area which is also a huge barrier to competition.
The store is 17 years old creating a long-standing location and customer base that consistently attracts recurring business.
This is a “Fun” Business to Own plus it will not change the day after you buy it. It is also a business that allows the owner to take vacations and time off without impacting the sales.
Location: Close to Glenwood Springs, CO
The sales price is $550K sales price plus inventory. The inventory runs between $140K and $160K. They will consider allowing the transfer of some of the payables(debt on the inventory) to the buyer reducing the total down payment necessary. They will be keeping their cash and AR. Recurring revenue, location driven companies especially liquor stores deserve a high premium to earnings. Please fill out the Non-Disclosure Agreement in the link above to get the full sales package with financials, pictures, tax returns, and their location.
The confidentiality agreement(NDA) link is: http://companybroker.com/buyer-profile-jeff.htm which will get you the full sales package and name and location of the company. If it is blue you should be able to click on it, if not please cut and paste that to a URL line and it will give you the NDA. Please request the full sales package containing a detailed Data Room with financials and a Comprehensive Video on the entire operation and a full interview with the owner by clicking on the secure web link to the Confidentiality Agreement (CA). If you have any questions or comments on the CA please email me at email@example.com or call me at 303-905-7607. Thank you.
Brief Overview and Deal Points:
The buyer will also step into a solid pipeline of growing recurring revenue with some of the highest profit margins in any industry which is a direct result of their great location. “2015-2016 should be great years with the Colorado economy, skiing, and new construction."
The liquor license is easy to apply for and will not take very long to obtain. We have a perfect reputation for fair dealings. The seller will agree to full reps and warranties to a solid legal and business standing. We have a great record for safety (OSHA) and no legal battles.
The business is for the most part a cash/credit card business. Based on the design of the store and cameras, shoplifting has been virtually non-existent. The owner has already implemented a computer system that tracks all sales and inventory so this business is very low maintenance.
There are 5 trustworthy, competent, and reliable employees. This includes a manager that is capable of running the location on their own. The manager makes $17/hour when they are in town and $19/hour when they are gone.
The location is 2,360 square feet with approximately 1900 square feet of shopping space and 460 square feet of office and storage space. They share the same parking lot with the main grocery store in their market. There are other tenants that bring in additional traffic in the same strip mall all with long term leases. The lease is for 5 years with two 2 years left and is transferable. You must see the store to appreciate how well laid out it is and how good the location is. There is also plenty of free parking which is hard to come by in many CO mountain towns. The store is just off of I-70 and can be seen by the highway. The grocery store, gas station, and fast food nearby attract traffic to exit the highway which often benefits them also. They are located in the densest area of population in their town and in the busiest shopping center in town.
Growth and Expansion: The store will continue to grow without any changes although there are many opportunities an owner operator could take advantage of. A new owner would be able to network and personally market to the resorts, event planning companies, etc. The current owner has not pursued any other form of marketing other than the yellow pages. They have no website or online presence and by adding this is could improve sales. This is important because many people heading to Lake Powell or on vacation would not know where they are located without this. The store is located on the access road to the two largest residential developments in area including a very popular Golf course. Golfers love to drink. There are several hundred undeveloped plotted lots in that area. Another opportunity is to stock higher cost wines and for the new owner to either already know fine wines or be willing to learn. Also, there is room for growth in wine sales because the new owner can carry more fine wines with a higher markup.
Plus, Colorado is the best State in the country to own a business. Please see the web link below. Colorado is THE "#1" fastest growing and strongest economies in the United States, per Money.MSN.com and Business Insider. This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports.
Please Call of Email for Information: The broker is available at any time to discuss your interest in this offering and can set up a meeting either in person or by phone with the owner(s). Thank you for your interest.
Jeff Chapman Eisnaugle
Company Broker Group, LLC.
999 18th St Ste 3000
Denver, CO 80216
This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections.
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