Retail - Liquor Stores

Asking Price	$600,000	Inventory	$100,000*
Gross Income	$640,000	Real Estate
Cash Flow	$150,000	Year Established	2003
FF&E	$25,000*	Employees	3

* included in the asking price

** not included in the asking price

Great opportunity to own a package(beer & cigarettes) store along with a neighboring liquor store in the heart of Midtown Memphis. Package store has been in operation for approximately 4 years with an average inside margin of 30%. This store primarily sells beer, cigarettes and other beverages. This is a great area to own a beer store in with significant foot traffic and little neighboring competition. The owner has stocked a significant inventory of specialty beers and cigarettes and enjoys a significant advantage over the typical beer store in Memphis. Sales at the package store average $50,000 +/- per month. Also for sale as part of this transaction is a brand-new, fully stocked liquor store that the owner opened at the end of 2007. Sales at this store have been brisk and are averaging $15,000 to $20,000 per month, again at excellent margins. As the word gets out, this store should enjoy a significant sales increase over the next year, hopefully equivalent to the sales of the package store. Both stores have current liquor licenses that will transition to a new owner, assuming approval by the appropriate state authorities. This business provides the foundation for a new owner to really take off. Buy it today and you keep the profits from the liquor store along with the steady business from the package store. A new owner could increase other revenue streams by adding lottery and increasing the check cashing business.

Facilities: All racking, shelving and other equipment. State of the art security system.

Competition: Great location with limited competition

Growth/Expansion: The liquor store being sold as part of the transaction is the greatest area for growth. This is an outstanding opportunity to increase sales without the startup expense. Also by adding lottery and increasing the check cashing business, a new owner can significantly increase profits without much risk.

Support/Training: Owner will provide 14 days of training

Reason Selling: Owner wants to relocate out of state