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Off Sale Liquor Store R/E Profitable

Fargo, North Dakota (Cass County)

Retail - Liquor Stores | Retail - Bars/Taverns

Asking Price $315,000 Inventory $100,000** 
Gross Income $600,000 Real Estate $250,000* 
Cash Flow $80,000 Year Established 1999
FF&E $115,000* Employees 5

* included in the asking price

** not included in the asking price

Highlights: * In business operating at the same location for 8 years * Consistent revenue/cash flow and growing sales over the last year * New computers, point of sale system, and DVR security system * ONLY off sale liquor store in a growing city * 35,000+ daily traffic count on prime Highway 10 location * Ownership of real estate * Solid financials * Significant growth potential through growing community, increasing wine sales, ATM and check cashing services, and use of prime frontage for another small business Summary: Off Sale liquor store located in FM area. Customer base is very loyal and consistent. Sales break down as: 62% of revenue from beer, 28% from liquor, and around 8% from wine. Inventory is very solid with little or no non-selling items. Business is meticulously maintained and clean. Rising sales, consistent cash flow, and using technology to automate many tasks make this a turn key business. This is a rare opportunity for a new owner to step into a proven, successful business and build their real estate portfolio at the same time. It can be run as owner operated or absentee. Also, real estate can be excluded if someone was only interested in the business itself.

Facilities: Owner has paid to have the building professionally cleaned; all equipment inspected and serviced, and made additional improvements resulting in an additional investment of roughly $20,000. The building is concrete block construction with brick exterior, is 2,540 square feet and the lot is 14,868 square feet (.35 acres). Roof is in great shape and was estimated at about 5-7 years old. Real Estate taxes are $3,048. The business and real estate are eligible for SBA financing or the local bank has had the business mortgage, etc for the past 7 years.

Competition: Only liquor store in town. Next competitor is in the next city about 2-3 miles away. 35,000 daily traffic count on busiest street

Growth/Expansion: Significant growth potential through growing community, increasing wine sales, spending on advertising, ATM and check cashing services, and use of prime frontage for another small business

Support/Training: Owner will stay and train new owner or manager

Reason Selling: Owns another business that needs more attention

AD # 313588

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