Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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12-Year Established Beer & Wine + High Volume Check Cashing
(Alcohol Related)
Dallas, Texas
Listed Price: $ 529,000
Listing ID: 001001

Listing DetailsDown Payment: $ 119,800
Gross Revenue: $ 810,000
Cash Flow: $ 240,000
FFE: $ 25,000 (Included in Price)
Inventory: $ 70,000
Reason for Sale:

Other Opportunities


Training & Support:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

High volume beer & wine C-store with check cashing service located in a densely Hispanic area is available for acquisition. This business was established by the previous owner in 2008 and was acquired by the current owner in 2018. Products & services provided at this store include large selections of beer, wine, soft drinks, chips, phone cards, cigarettes, household items, check cashing and money order service. The previous owner installed a state-of-the-art money transfer & check-cashing booth which was $45,000 in cost production. As a majority of the population in this area is Hispanic, the check cashing and money transferring service is rapidly growing which is increasing yearly sales each year. Few competitors are within the immediate market area, but the growth of the business hasn't slowed down since its inception due to a large selection of alcohol and check cashing & money transfer services. Gross sales average of this beer & wine C-store with check cashing service is around $810,000/year ($45K to $50K per month from C-store / $22K to $23K commission income from Check Cashing) that has been consistent over the last several years with minimal marketing in place except thru a word of mouth. Proactive marketing is still needed to fully reach the potential this business can achieve through weekly deals, specials, discounts, more selections and flyers to nearby neighborhoods. A full-time owner-operator will be extremely beneficial for this business as it will cut payroll expenses on having unnecessary employees and boosting the quality of the customer service. Acquisition of this business would be a great asset to the new owner as this business increase in revenue in this densely populated area of Hispanics where there's a never-ending demand for check cashing & money transfer services.


Competition:

Few competitors are within the immediate market, but this beer & wine store hasn't stopped growing since the establishment and varieties of alcoholic beverages that are updated regularly which in result provides customers with a wide range of selections.


Potential Growth:

Alcoholic beverage selections increase for the inventory and the addition of check cashing/money order has spread word of mouth throughout the area it's located in. Proactive marketing to nearby neighborhoods and businesses will increase revenue.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3225
Facilities:

This business is located in a 3,225 SF retail strip center with extremely visible signage. All equipment is in impeccable condition and in great working order. The store is featured with a state of art bullet-proof check cashing booth.


OperationYear Established: 2008
Employees: 3FT/4PT
Absentee Owner: Yes