SOLD – Beer & Wine C-Store and Check Cashing
High volume Beer & Wine C-store located in a densely Hispanic area is available for acquisition. Established in 2008 and was later acquired in 2011 by the current owner of the business. Few competitors are within the immediate market area, but the growth of the business hasn’t slowed down since the grand opening due to a large selection of alcohol and check cashing & money transfer services. 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. The owner of the business has increased the general selection of many varieties of alcoholic beverages since his acquisition of this business and this has done a great deal towards word of mouth spreading to the local area. Proactive marketing is still needed to fully reach the potential this business can achieve through weekly deals and flyers to nearby neighborhoods. The owner of the business recently put a state-of-the-art money transfer & check-cashing booth which was $45,000 in cost production. 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. 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.