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Liquor Store with Property in Western Massachusetts

Liquor Store with Property in Western Massachusetts
Listing:
1626
SOLD!
Acquired By:
Individual Buyer
Hampshire County, Massachusetts
Revenue:
$1,100,000
Cash Flow:
$146,000 (add’l $48K from potential tenant income)
Asking Price:
$1,500,000
Asking price details:
(Business and Real Estate)
Sold Price:
$1,500,000
Business Description:

A large, full-service liquor store located on a busy route is available for sale! In business for over 40 years, this store is a popular spot in the area for residents and those traveling through. There is a densely populated area nearby, with many loyal customers! Sales have been consistently growing since the current owner took over in 2011. The owner wants to move out of state.

The store sells liquor, wine, beer, cigarettes, lottery and select snack items and carries a wide selection of products, including many craft beers which are growing in popularity and have higher margins. Adding grocery items for convenience and offering delivery service would be a nice compliment for this already steady business.

The Building has approximately 4,000 SF. The business occupies 1,650 SF with 500 FT in basement storage. There is an 1,850 SF vacant C-store space next door that could bring in additional revenue.

Growth Expansion and Opportunities:

This business could benefit from an owner operator who can grow sales through more product offerings, increased marketing and events such as wine and beer tastings. The property has potential for several additional revenue streams, such as a c-store tenant or doubling the liquor store into that vacant space.

Support & Training:

The seller will provide necessary support and training.

Reason Selling:
Moving out of state
Employees:
1 PT Manager, 1 PT Assistant Manger and 2 PT Saleclerks
Terms:
A qualified buyer should be able to obtain SBA financing with 10% down.
Broker:

Brian Labonte

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