SOLD – Two Decade Established Liquor Store
A high-volume liquor store established for over 2 decades is now available for acquisition. This business was established in 1999 by the previous owner and was acquired by the owner in 2006. The liquor store is located in a 5,400 SF freestanding building next to a busy intersection with heavy traffic. This area is surrounded by many retail businesses and commercial office buildings. Most of the customers are Hispanic customers who vary from low to middle-class income that live in the nearby densely populated residential neighborhoods, and individuals who drive through the high traffic road that is next to this business. Competition can be expected for the industry this business is within, but this business is well known to many local customers as it has been operating here for over 2 decades since 1999 and has a solid customer base that is not much affected by other competitors. The sales of the business have been consistent at around $500k/year over the last several years, and there was a slight decrease in 2020 due to the COVID-19 pandemic. However, its prime location, solid customer base, and name recognition, coupled with pro-active marketing and new owner’s active involvement in day-to-day operation, will definitely bring this business back to its pre-pandemic level and be able to reach its full potential. Although no marketing is currently involved in the operation, various forms of proactive marketing such as direct mailing, flyers, social media outlets, coupons, special discounts, etc. in the local area will serve to increase the overall sales of the business as well as acquire more loyal customers that will consistently come to this business. This well-established liquor store is ready for a potential buyer to actively involve in the business operation while marketing to grow the business to reach its maximum potential.