High End Liquor Store Business with Real Estate

Fort Lauderdale, FL (Broward County)

High End Liquor Store Business with Real Estate
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Asking Price: $3,500,000

Gross Revenue: $360,000

Price/Sq. Ft.: N/A

NOI: $215,800

Building SF: 1,890

FF&E: N/A

Year Built: 1970

High End Liquor Store Business with Real Estate

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Property Description

EB-5 Visa Approved Business

Award-winning, high-end liquor store with real estate for sale. 38 years in same location with established clientele. Property is a freestanding building in corner location of a high traffic area with excellent exposure and visibility. Walking distance from the business, a 5-story residential apartment complex is under construction, anticipating income increase. Price includes: real estate, liquor business, liquor licenses, entire inventory and future extension plans and city permits for construction of cafeteria, and exterior wine by the glass lounge project. Owner has spent over $950,000 on renovations and can provide licensed contractor name and receipts. He will also spend an additional $800,000 for the expansion of the of the wine by the glass lounge and the cafeteria. Construction plans have been submitted to the city for their revision and approval. Just waiting for the approval of the plans to start construction. Also check cashing store inside building is ready for new owner to operate and receive additional income. On 2018 owner made major renovations and upgrades to the property: new roof, new cooler, new tile floors, drop down ceiling, state of the art shelving, landscaping with artificial grass and security system. New kitchen, 2 modern bathrooms, check cashing space with bullet proof glass and door, and wine by the glass lounge were added in the interior of the building. On the west side of the building there is a parcel being used as additional parking lot for the property which is also included in price. Big time money maker! High profit margin! Voted #1 liquor store in Wilton Manor. EB 5 visa eligible. Seller is extremely motivated due to the fact he is relocating to Brazil. Business only also available for $900,500.

Detailed Information

Location:
Fort Lauderdale, FL
Type:
Other Business Real Estate
Building SF:
1,890
Building Status:
Established
Reason for Selling:
Owner is relocating.
Location Description:
The location is a high-density populated area with lots of traffic. Area has a high concentration of homes and condominiums occupied by local owners and tourists who visit the area year after year. Area is booming with growth. Property is close to the beach. The business area has undergone trough major renovations and improvements in the past two years. The area now is completely restored and has a new look.
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Property Listed By:
rizwan ahmed

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