Profitable High End Liquor Store includes Real Estate & Inventory

, Texas 6 views 0 favorites

Financial Highlights
Asking Price
$3,000,000
Revenue
$1,003,390
Business Description

Liquor is nearly recession proof and has continued to thrive during the pandemic! Be your own boss with this one of a kind opportunity! Business Description This company, based in a growing suburb of Fort Worth, Texas, is more than just a liquor store. This company sets itself apart from the competition by providing its customers with an extensive product selection, top-rated customer service, and a pleasant, no hassle shopping experience. Revenue Security & Growth Opportunities The company’s revenues are derived from a diversified revenue stream including liquor, wine, beer, soda, cigarettes and light groceries. The current owner has operated the store since its founding in December of 2016. The store has grown steadily year-over-year with 2020 Gross Profit exceeding the prior year by over 40%.  The drive-thru has not been utilized since its opening and provides a strong growth opportunity for the new business owner. Applying for additional specialty licenses enabling product tastings events, delivery and direct sales to restaurants may provide additional growth opportunities, as well.  High margin liquor sales account for an excess of 67% of sales. STRONG Growth - YTD 2021 Sales are 15% over 2020 levels! Real Estate The store sits on 1.58 acres of land with three entrances and over 35 parking spaces. Total square footage of the building is 7,695 with the liquor store accounting for approximately 4,755 and the drive-thru with 2,940. Both the store and the drive-thru boast large walk-in coolers and upgraded customer restrooms. Location: Parker County, Texas Year Established: 2016 Number of Employees: 1 Real Estate: Owned Building Sq. Ft.: 7,695 Facilities: The store sits on 1.58 acres of land with three entrances and over 35 parking spaces. Total square footage of the building is 7,695 with the liquor store accounting for approximately 4,755 and the drive-thru with 2,940. Both the store and the drive-thru boast large walk-in coolers and upgraded customer restrooms. Market Outlook/ Competition: Limited competition in this part of town. However, there is a struggling liquor store just down the street which opened several years ago. This new location has never been much of a threat as the seller has continued to grow year over year and is currently running 25% YOY thru June 2021. Growth & Expansion: This company is uniquely located in an area of Texas experiencing extensive and sustained population growth, several new, local apartment complexes under construction, and a hugely popular fast-food restaurant is opening soon just down the road- all of which are sure to bring additional traffic to the store. The previous owner, a large liquor store chain who went bankrupt showed sales in excess of $2,100,000. Additional permits can be applied for that should allow the buyer to greatly increase sales. The store also has a unused cigar humidor which could be a great avenue to bring in additional revenues.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 18, 2022

Updated: 1 week ago

Views: 6

Favorites: 0