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High Volume Profitable Boston Liquor Store With Property
Liquor Store has been owned and operated by the same family since 1963. The store is a fixture in the community and a popular destination for the residents in this densely populated neighborhood. The store sits on a heavily traveled road with great visibility to the daily flow of traffic passing by its front door. There is convenient customer parking directly in front of the store and in the seller owned parking lot. We are selling the business and the property. There are two pieces of property included in the listing price. The lot occupied by the business as well as the store parking lot. The neighborhood appears to be growing and improving. Multiple development projects have been announced in the area surrounding the store.
The Building at street level is 5,500 +/- square feet. It is well maintained and well organized. The walk-in cooler has 32 doors providing more than adequate refrigeration for the large variety of chilled beer, wine and other products. In addition, the retail sales floor has ample shelving and floor space to organize and display their large selection of non-refrigerated wine, beer and liquor offerings.
The liquor store has a 2,500 +/- square foot basement with a working conveyor system. This is ideal for storage and can be a great benefit to the operations and competitiveness of the business. Alcohol distributors frequently offer quantity discounts for large purchases. The basement storage area allows for large quantity purchases resulting in lower cost of goods. Management can use the lower cost of goods to increase the stores gross profit margin or offer lower retail prices potentially increasing store sales. Many Boston stores do not have this capability due to a lack of storage space.
For the fiscal year ending 10/31/19 Sales were $5,286,413. For the first four months of the current fiscal year sales have increased by over 10% from the previous year.
Please Note: All information furnished is provided by seller or based on representations of the seller or other sources. Squizzero, Carp & Associates has made no investigation of it and makes no representation or warranty as to the accuracy of the Information.
Real Property Included
***Add Lottery Sales – The store does not currently sell lottery. This is unusual for a city store in a densely populated neighborhood. Adding lottery sales has the potential to benefit the business through additional profits from the sale of lottery as well as potentially increasing the daily customer count which may generate additional sales for beer, wine & liquor offerings.
***Add local delivery option – Utilize Drizly or similar e-commerce delivery platform to offer local deliveries.
***Develop a Website – The company does not currently have a website. Websites today are in many cases, where new customers first learn about a business. It can be an essential component of a company’s branding, customer engagement and marketing strategy. ***Social Media – The company does not currently have an active social media presence. Developing a social media presence utilizing Facebook, Google Business & Instagram may benefit the business through increased customer engagement and broader customer reach.
***Advertising – The company does not currently advertise. Implementing a well thought out advertising campaign may result in increased sales and profits.
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