High Volume Liquor Store with Property-Upper Midwest

Listing Details:

• Business Category:    Liquor Related Business
• Business Price:           $1,200,000
• Inventory:                    $500,000 not included in sale price
• Real Estate:                 $3,300,000 sold separately    
• Support & Training:     4 weeks              
• Reason for Selling:     Other Investments 

Business Description

Established Package Liquor, Beer & Wine Store in Upper Midwest. Management in place or Owner/Operator opportunity. Consistent business. Property is a City Block (2.5 acres) on US Highway (9500 daily traffic). Located in a Lakes area, with growing population.

Detailed Information

• Property of 2.5 acres, all paved with 60 parking spots.
• Modern & updated Retail Store, approximately 15,000 square ft.
• 3000 Sq Ft storage Bldg. on Property
• Opportunity to Build/Lease/Sell portion of property to Fast Food/Retail Operation
• Leased tenants generating $20k/year rent
• Annual Revenue ~over $4 million
• Gross Profit nearly 25%
• Cash Flow nearly $400k
• Great local reputation, involved with Community
• Local College with 5500 students
• Located on well-traveled US Highway in City
• MN DOT daily traffic counts 9500
• Located in growing city, with 21^st Century manufacturing & a global attitude.

History

Established, well maintained & updated. Current owner is a multi-unit operator with good reputation. Currently operated by FT Manager with PT employees, overseen by absentee owner/GM.

Competition 

This outlet is the largest retailer, locally operated, customer & promotion oriented. In City, there are 2 other National retailers with Package Liquor add on businesses.