Very nice, well-stocked liquor store in close proximity to major intersection. Store is located next door to a restaurant in a large strip mall anchored by a major national retailer. The store has been very well kept, and includes a 27 door cooler unit, on which two of three compressors were recently replaced. Customers have commented that they get the “coldest beer in town” at this store.
The current lease for the 3,500 square foot space doesn’t expire until August 31, 2024. The inventory is a good mix of wines, liquors and beer. It’s a neighborhood store but, due to its location, the business benefits from significant traffic traveling the area. The business currently has no website and does no marketing, and has the potential to draw significantly more patronage to grow beyond its current sales level, which reached nearly $1.1 million in 2020, and is on pace to exceed $1 million again in 2021.
Owner’s cash flow of $112,041 is for 2020, and the store should exceed that amount in 2021, based on first half numbers for the current year.
Current owners purchased store over four years ago; it had been established for several years before they purchased it.
Growth can be obtained via more aggressive marketing efforts.