Providence Liquor Store

Providence, RI (Providence County)

Providence Liquor Store
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Asking Price: $995,000

Cash Flow: N/A

Gross Revenue: $2,246,000

EBITDA: N/A

FF&E: $65,000

Inventory: $350,000*

Rent: $4,889.33 /Month

Established: 1970

*not included in asking price.

Providence Liquor Store

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Business Description

A large, full-service liquor store located on an extremely busy route in a plaza with easy highway access is available for sale! This store is a popular spot in the area for residents and those traveling through. This densely populated area has many loyal customers! Sales have stayed consistent at over $2 million. Recently renovated and lots of upside potential with large residential development directly across the street.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
7,000
Lease Expiration:
7/1/2028
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Over 7,000 sqft. with large storage and loading dock. Very low per sqft rent for a large plaza. Very busy demand generators within the plaza.
Competition:
Zero marketing has been done over the last 8 years. Any sort of effort in terms of marketing has the potential of increasing sales. There is very little comparable competition in the area.
Financing:
Sellers are willing to finance inventory over a 1 year period
Support & Training:
Owners/Managers are willing to stay on for a maximum of 6 months in order to facilitate a smooth transition.
Reason for Selling:
Main owner is moving out of the country for his next venture.
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Business Listed By:
Broker

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