Liquor store with gaming machines

Alton, IL (Madison County)

Liquor store with gaming machines
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Asking Price: $69,000

Cash Flow: N/A

Gross Revenue: $540,000

EBITDA: N/A

FF&E: N/A

Inventory: $45,000*

Rent: $2,150 /Month

Established: 1970

*not included in asking price.

Liquor store with gaming machines

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Business Description

Liquor store with gaming machines

This is a long-standing liquor store that has been a part of the community for the past 55
years. Current owner in place for last 5 of those 55 years. Great store an established customer base and good revenue. Still has great potential for growth for an aggressive/young buyer. The inside of the store has been remodeled, this includes custom built counter-top, new shelves, and replacement of old lighting and other fixtures. Inquire for more details. Phone call preferred.

Business $69K plus inventory (calculated at time of takeover)
Rent $2150/month, includes 2 bedroom apartment upstairs
Gross sales ~$540k/year, lottery not included
Lottery sales ~$175K/year
State gaming/slot machines net commission approx $25k in 2018

Store is approx 1700 sqft, upstairs apartment is another 700 sqft. Owner currently resides in upstairs apartment.

Detailed Information

Location:
Alton, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,700
Lease Expiration:
N/A
Employees:
2
Facilities:
9 door reach-in cooler, 1 walk-in cooler, and other separate 2 door reach-in cooler, POS system, ATM machine
Competition:
minimal competition
Support & Training:
1 week, up to 2 week if necessary
Reason for Selling:
Looking to retire
Business Website:
http://inandoutpackageliquor.com/
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Business Listed By:
Mike Patel

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