Summary
- Asking price:
- $249,000 (Furniture / Fixtures included)
- Sales revenue:
- $660,000
- Cash flow:
- $132,000
- Years established:
- 1979
Business description
Long Established Liquor Store with Check Cashing Business is located in a 3200 sq ft space in commercial retail center with franchised fast foods and other retail businesses in center. Business does check cashing of about $140K monthly at 3% Commission. Lottery Sales bring in about $1600 monthly profit in addition to store sales. The business has been established for 32 years and the current owner is retiring after 18 years.
Property information
- Real Estate:
- Lease
- Lease terms:
- Lease good for 5 years plus a 5 year option
- Leasehold rent:
- $50,400 per annum
- Location:
- Business is located in a 3200 sq ft retail space in Shopping Center
- Premises details:
- Business is in a shopping center that has some franchise Fast food businesses and other retail outlets
- Size in square feet:
- 3,200
Other information
- Expansion potential:
- Can open longer hours, advertise or add new items
- Competition / Market:
- Business is well established with lots of repeat customers
- Support & training:
- Seller will Train
- Reasons for selling:
- Retirement after 18 years
- Trading hours:
- Seven Days a week from 8AM until 11PM
- Furniture / Fixtures value:
- $50,000 (included in the asking price)
- Inventory / Stock value:
- $50,000
Contact the seller
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