SOLD – N. Dallas Liquor Store

Business Description

Prime location liquor store with consistent sales with huge potential in North Dallas 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. 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. 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 units 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.