Neighborhood Liquor Store in Upscale NW Dallas 001182
Liquor store located in an affluent neighborhood with no competition, 30% margins, and fast-growing sales of $80,000 - $85,000/month in gross volume is available for acquisition. This liquor store is 100% retail sales and has an inventory turnover ratio of around 5.5. This business was originally a Beer + Wine + Draft Beer/Wine that was converted into a liquor store by the business's current owner in June 2020. Most customers are white with mid to high-class income and live within walking distance near densely populated residential neighborhoods and tourists staying in the five high-end hotels nearby. Currently, there is no marketing or online presence, which can be tremendous upside potential for the new owner by creating a website and social media accounts and providing special offers tailored to neighborhood customers. This liquor store can add a more comprehensive selection of fine wines and craft beers to increase revenue and profit margins. The owner of the business works full-time operating the front desk as a cashier and has yet to fully utilize all marketing options to increase the sales to over $1,500,000/year and various routes of potential growth opportunities that the new owner can take grow the business. This liquor store is an excellent opportunity for any potential buyer who wishes to acquire a business that's grown rapidly in a short time and help bring it to its full potential.
2 weeks, smooth transition is assured
This business is located in a 1,500 SF mixed used development in an affluent, upscale neighborhood. There are 5 high-end hotels within a half mile that brings in tourist customers to the store everyday.
None, this is the only liquor store in this upscale neighborhood.
Huge potential for growth as the sales has been increasing rapidly since it’s inception without any type of marketing except word of mouth. With a lack of competition and the high-end customers near by, the new owner can add a wider selection of fine wines and craft beers that are more tailored to the clientele.
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.