Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Established Liquor Store With Huge Potential
(Alcohol Related)
Collin, Texas
Listed Price: $ 325,000
Listing ID: 000909

Listing DetailsDown Payment: $ 150,000
Gross Revenue: $ 915,733
Cash Flow: $ 119,215
FFE: $ 75,000 (Included in Price)
Inventory: $ 200,000
Reason for Sale:

Other opportunities.


Training & Support:

The owner of the business will provide the necessary accommodations to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location liquor store with consistent sales with huge potential is available for acquisition. This business was established in 2013 by the previous owner and the current owner acquired the business in 2015. The majority of the customers are middle to upper-income Caucasian individuals from the densely populated residential neighborhood as well as others from driving through the heavy traffic road which is right next to one of the major highways in the city. The competition is expected in this industry, but the competition has already been established over the years and it has not had any adverse effect on overall revenue. This business is stocked with hard to find items and much more Asian liquor selection compared to other competition to accommodate all types of customers. The net sales for the last few years range from $900,000 - $1,000,000/year without any source of marketing being done by the current owner. For a more pro-active and hands-on owner, they can do a variety of things to increase overall revenue, such as more online and social media outlet presence, mailing out flyers and coupons to acquire new customers from the untapped areas of the city, and acquiring wholesale accounts with many restaurants surrounding the business, especially Asian restaurants. Also, there are 120 unit and 80 unit motels under construction in the immediate area and are almost ready to open and upon opening, with appropriate marketing tactics, the customers from the motels should bring in additional revenue to the business. The owner is mainly responsible for managing the inventory and keeping all books and record up to date while working part-time in the business along with two other part-time employees. The new buyer will have to replace current employees with their own as they will be pursuing other opportunities. This business is established, has an established customer base, is conveniently located just off the major highway in a safe part of the city, and has an upside to increase the overall sales by pro-active marketing and potential new customers from the two newly built motels. This business is a great opportunity for an owner who can be more hands-on in the daily operation and if it can be operated with help of an immediate family member to reduce the labor cost and to reach its full financial potential.


Competition:

Competition is expected and there are multiple competitions, corporate as well as independently owned, in the immediate market area, but all are established and each store has an established customer base and no further imminent competition is expected in the future.


Potential Growth:

More pro-active marketing including direct marketing, online/SNS marketing will be crucial to further grow the business and acquire new customers from the untapped areas. There are 200+ unit motels being built in the immediate area and overall revenues should increase and with the owner who has more time on hands can acquire wholesale accounts with the restaurants near the business.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3142
Facilities:

This business is located in a 3,142 SF retail strip conveniently located just off the major highway in the city and is heavily surrounded by single-family homes and small businesses. All equipment is in excellent condition and all lights have been replaced with LED light bulbs and bathroom tiles have been replaced in the recent past.


OperationYear Established: 2013
Employees: 2PT
Absentee Owner: No