Beer, Wine, Liquor - upside potential

Muskegon, MI (Muskegon County)

Exterior
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Asking Price: $399,900

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $75,000*

Real Estate: $250,000

Established: 1970

*not included in asking price.

Beer, Wine, Liquor - upside potential

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Business Description

Very nice liquor store that is suffering from absentee ownership. Building in excellent condition with ample cooler space and a newer beer cave. Plenty of room for expansion within the existing building or in adding on as there is nearly 250' of road frontage on busy Holton Road. No other liquor store for miles, and the only competition is a big box store. Could easily return to over $1,000,000 in annual sales with the right ownership and product mix. Exterior recently remodeled as well with a new electronic reader board. A great price - especially when SDD licenses in this County are bringing nearly $200,000.

Detailed Information

Location:
Muskegon, MI
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,000
Employees:
3
Facilities:
Very convenient floor plan that was well laid out. Good cooler placement with ample doors and a beer cave. Plenty of room to nearly double the floor space that is being used for storage. Large lot could easily accommodate expansion.
Competition:
Very limited competition outside of one big box store. Any other similar store is located several miles away. Numerous roof tops in the area. Busy location not far from the US31 interchange, and on the "way home" side of the street.
Growth & Expansion:
Add the right product mix, increase the inventory, put the right person behind the counter and this business will grow. Price reduced drastically for immediate sale. The assets are worth in excess of the asking price with SDD licenses in Muskegon County selling for over $200,000.
Support & Training:
As necessary
Reason for Selling:
Absentee Owner Liquidating
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Paul DeBartolo

Business Listed By:
Paul DeBartolo

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