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Turnkey Liquor Store in the Greater Boston Area

Turnkey Liquor Store in the Greater Boston Area
Listing
1670
SOLD!
Reasonable Rent Under $3K per Month
Acquired By
Individual Buyer
Essex County
Revenue
$700,000
Cash Flow
$88,000
Asking Price
$395,000
Sold Price
$380,000
Business Description

An established liquor store, with reasonable rent and overhead costs is available for sale! This store is in one of the most densely populated communities with an average age of under 35 years old. This store has ample parking with many nearby businesses that drive active foot and car traffic. The lottery provides a constant flow of loyal daily customers. This business has done well through the COVID pandemic and is considered essential.

The store sells liquor, wine, beer, cigarettes, lottery and select snack items and carries a wide selection of products. They sell small sizes such as nips and pints, which have better margins.

The rent is low at under $3,000 per month and there is a new lease in place. A new owner can assign the current lease or sign a new lease with the landlord.

Growth Expansion and Opportunities

This store provides several growth opportunities for an enterprising new owner. For instance, rearranging the retail floor area and expanding the cooler space and grocery display areas can help maximize traffic flow and increase the variety of products available, to grow overall sales. Hosting in-store wine and beer tasting events could also increase interest and bring in new customers.

A new owner can add online ordering, delivery and curbside pick-up which will probably be a continued source of revenue. Corporate delivery service could be added by buyers who can target other local businesses that need alcohol for parties and events.

Support & Training

The seller will provide necessary support and training.

Broker

Brian Labonte

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