|Retail Wine and Beer Store|
Listing DetailsStatus: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $225,000
Gross Revenue: $709,000
Cash Flow: $63,868
Inventory Included: Yes
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Asking price includes $80,000 of inventory which may fluctuate due to seasonal stocking levels. Selling price will be adjusted accordingly after physical inventory. Gross sales has been annualized based on 11 months data.
Reason for Sale:Desire to focus on location closer to home. Landlord Dispute.
Training:Seller will provide adequate training/transition support to new owners.
OperationsForm of Ownership: S Corp
Employees (full-time): 2
Business Hours: Mon & Sat 10-6 tues-fri 10-7 Sundays during holidays
Business Description:Business retails beer, wine, and related accessories and products carrying 1200 wines in stock, 400 of which under the popular $10 price point. Business also offers products online via thier website.
Historical Summary:The business has a 23 year track record of steady profits. Located in the same center the entire time the business has brand recognition and is frequented by regulars and visitors to the center on a daily basis. Impressive new website with online ordering capability.
Owner Qualifications:Owner must have basic understanding of business ownership including marketing, accounting, customer service, and posess or be willing to acquire understanding of the history, manufacture, and unique tastes of wine, beer, and other products from around the world.
Competition:Big Box retailers impacted sales in 2004 and 2005. 2006, 2007 and 2008 sales have rebounded as clients have returned and area neighborhoods continue to grow. 2009/2010 sales have been strong in relation to the perceived economic conditions.
Potential Growth:This business has a strong sales history and loyal customer base. New owners may incrementally fuel growth by holding additional events, increasing marketing, or introducing new promotions. Additional hours could be added. New owners have opportunity to significantly increase online sales.
LocationMonthly Rent: $4,960
Square Footage: 3000
Popular strip center on major road with substantial anchor tenants. Low turnover and high occupancy. Potential for expansion in current bay. Significant investment has been made over the past year in store fixtures, accounting and gift card system.
Last Updated: Feb 9, 2016 / 10:31 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM