Cash-Flowing Liquor Store on Grand Rapids' Southeast Side

Undisclosed Address, Grand Rapids, MI 49507
Business Opportunity for Sale
Catylist Listing ID: 30385136
Property Subtypes: Retail Stores
Building Size (RSF): 2,000 SF
Sale Price: $800,000
Year Business Established: 2001
Gross Revenue: $1,288,159 (Annual)
Cash Flow: $101,028 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to seller, Mortgage, Possible Seller Financing (Ask for Details)
Last Updated: 8/21/2019

Overview / Comments

This established liquor store is ready for a new owner! Enjoy profitable business ownership in a fantastic neighborhood with nearby shops and restaurants that attract a steady flow of traffic day and night. Parking is not a problem with on-street parking in the front, a shared parking lot in the rear, and five more dedicated spots behind the store. Excellent sales from liquor, beer, wine, lotto, snacks, and cigarettes with steady repeat customers. This turnkey opportunity includes real estate and all the licenses needed to continue the profitable operation.

Inventory is additional, estimated at $120,000.

-Packaged Liquor and Beer/Wine licenses included: SDD and SDM
-Real Estate included. Building is in good condition and is well-maintained, on-street and dedicated parking for easy customer access
-Several years' profitability with good income for owner
-Large walk-in cooler as well as three storage rooms plus a 10 x 15" unheated storage for bottle returns
-New A/C unit in 2018
-Traffic counts of 16,748 vehicles/day

Contact broker for NDA or to schedule a showing. Please do not approach owner or employees to discuss.

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Owner is pursuing retirement.
Value of Inventory Included ($): $120,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $300,000
Employee/Labor Description: 4 Employees plus two working owners
Mgmt/Training Support Description: Seller is willing to train
Competition/Market Description: Competition includes neighborhood stores and big box stores in the area.
Growth/Expansion Opportunities: Buyer could accept food stamps.
Seller Financing Description: Seller's note is negotiable with 30% down. For terms and conditions, please contact broker.
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