Beer & Wine Store Includes Real Estate!

Financial & Assets Details

About the Business

Business Description

NO HARD LIQUOR SALES AT THIS STORE.

BEER & WINE!
Break Down Of Sales:
Gross sales: $847,152
Break down of sales by category %;
Beer 62%
Wine 29%
Pop 1%
Tobacco 1%
Sundries 1%
Wine Supplies 3%
Beer supplies 2%
Miscellaneous 1%
Total 100%

This beverage store has all the features of a valuable business: long history, great location, parking, visibility, and profitability. The Real Estate and FF&E are included in the Asking Price. The Inventory is valued at approx. $100,000 at cost, and is in addition to the Asking Price.

The Purchase Price for the Business is $240,000 + Inventory at cost; the inventory is approximately $100,000. The bank will finance the business with $72,000 down, leaving a balance of $168,000.
The buyer will need to have a good credit history and some experience at managing a business.

The Purchase Price for the Real Estate is $260,000.00. The Seller will finance the real estate with $26,000 down; the terms are 5% interest over 120 months (the monthly payments to the seller are ($2,481.93), with a balloon payment at the end of 60 months.

In addition, the inventory at cost (appx. $100,000.00) must be paid for at closing.

The total down payments for the business and real estate is $98,000.00, plus the inventory at cost of appx. $100,000.00, means that at closing a Buyer would need $198,000.00.

THE SELLER SAYS, "BRING ME AN OFFER THAT IS REALISTIC, I'M READY TO RETIRE NOW".
A Fair Offer will put you into a profitable store. If you know anything about state minimum markups and see the types of sales this store has, you will recognize that this is a very profitable store. Their forte is Beer and Wine sales.
Call for more information and a tour! Peter Vadas, 440-885-0139

Growth & Expansion

This is located in a very good community and the surrounding area is also of the same caliber. Delivery should be considered as an additional service that is offered by this store. You can charge a fee for delivery. 10 plus years ago this store did have a delivery service. Delivery can add 30% to the gross sales and going back to the old hours is important. The hours could also be extended, as they were cut back three years ago.

Market Competition:

There is a beverage store 3 mile east of this store that does a major business in delivery. That service can add to any business that is in a good community.

Location Details:

The free standing building contains 3,264 square feet situated on .25 acres on a main thoroughfare with high visibility and excellent parking and access. Inside you will find all the shelving and walk in coolers that a fantastic beverage store would need!

Support & Training

The seller will stay with the new owner for 4 weeks, not to exceed 20 hours per week if needed.

Reason for Selling:

Retiring