Description of the business for sale
This retail liquor store is located in an area with huge potential. The allocation of the current sales are, 33% liquor, 19% wine, 44% beer & 4% miscellaneous. During the last 3 years the average yearly net lotto commission was over $77,000, but this segment is showing a healthy steady increase due to the area's growth. It is the opinion of the sellers who are retiring that additional financial services such as check cashing as well as adding a deli / convenience store in this 7,197 sq.ft. premises could increase the cash flow significantly. The landlord has indicated that he will consent to an additional 5-year option at 3% annual increases.
REASONS FOR SELLING: Retiring / Partnership Dissolution.
EMPLOYEES: Full-time / Part-time: 2ft/4pt
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Support / Training provided by seller
2 Weeks.
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Description of the facilities
Bldg. Size: 7197+/- sq.ft.; Lease Period: 06/30/12; Mo. Rent: $10,795.50 Inclusive; Deposits: $5,577.
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