Established Liquor, Wine and Cold Beer Store in Northcentral Oklahoma

Kay County, OK

Established Liquor, Wine and Cold Beer Store in Northcentral Oklahoma
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Asking Price: $43,500

Cash Flow: $40,000

Gross Revenue: $295,000

EBITDA: $43,000

FF&E: $25,000

Inventory: $30,000

Established: 2011

Established Liquor, Wine and Cold Beer Store in Northcentral Oklahoma

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Business Description

Growing Liquor Store in a great location with potential for more

Our new store is the largest (2400 sq ft), cleanest, well stocked and growing Liquor Store in town, continuing the passion we started with when we originally built our first location over 7 years ago. We stock a wide selection of spirits & wines. We are the only liquor store in town that has a walk-in / reach-in beer cave stocked with numerous domestic, import and popular craft beers. Even with the recent law changes (Oct. 1st 2018) in Oklahoma our store has seen double digit percentage sales increases within the past few months. Our store is located in the busiest retail area of our community. Easy in and out parking large enough to handle any customers that may be traveling w/ trailers to the nearby lake, Little Sahara State Park or just passing through. We are only 2 miles off of I35 and located in a community that has over 400 motel rooms available. Currently we have approximately $30,000 in inventory and there’s room to add more. Pictures are available upon request.

Detailed Information

Location:
Kay County, OK
Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We recently moved the store to a larger location that allowed the installation of a walk-in and reach-in cooler for beer and wine products. There’s room inside the new location to expand non-alcoholic products and additional inventory as needed. We have a passion to maintain our store and have definitely become known for our selection, special orders and cleanliness. We hope the new owners will continue that passion and take care of our loyal employees.
Competition:
With only one other liquor store in town, which is a store half the size, no room to expand and no refrigeration. We definitely have the location, selection and growth possibilities over our competition. We have active social media accounts where we advertise and keep our customers up to date on new products. There’s also the options for additional advertising through the local newspaper and radio station to continue capturing new customers. Lottery sales can be added for additional sales.
Growth & Expansion:
Even with the new liquor laws that went in effect on October 1st 2018, our store has seen the sales numbers increase, while some stores haven’t had such luck. There’s more room to grow those sales numbers by stocking even more products that previously liquor stores were not allowed by law to sale. The new law allows liquor stores to sell non-alcoholic items up-to 20% of their gross sales, this is virtually everything minus gasoline and diesel fuels. This opens up a whole new category for the store to grow on with what we started with over 7 years ago.
Support & Training:
2 to 4 weeks as needed by the new owners. Current staff can virtually operate the store on a daily basis as it is with some additional training, such as making orders online.
Reason for Selling:
We are expanding another business we own.
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Business Listed By:
TJ Greenfield

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