Holland Liquor Store with SDD/SDM

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30585017
Property Subtypes: Retail Stores
Building Size (RSF): 4,901 SF
Sale Price: $650,000
Name of Establishment: Columbia Avenue One Stop
Year Business Established: 1960
Gross Revenue: $850,000 (Annual)
Cash Flow: $150,000 (Annual)
Sale Terms: Cash or Conventional Financing.
Last Updated: 3/16/2020

Overview / Comments

Very nice neighborhood business with plenty of room for expansion. Solid base of grocery, beer, wine and liquor sales with room to implement the addition of hot food for all of the neighboring students of Hope College. Perfect small business that is easily managed by only a few employees. As an owner operator, wages would be minimal. The building appears to be in excellent condition with more than ample refrigeration. Large well lit parking lot. Historically, this store has done well over $1,000,000 a year in gross sales.

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Seller owns another store in Kalamazoo and can no longer manage both stores.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $300,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $350,000
Employee/Labor Description: Only 4 employees at present along with owners daughter.
Mgmt/Training Support Description: As Needed for up to two weeks following the closing.
Competition/Market Description: This store has been here for several years and has as solid base of business. The majority of the business is within a one mile radius of the store.
Growth/Expansion Opportunities: Customers have been asking about hot food. The addition of a hot box with fried foods would be a tremendous draw at this location. Adding additional inventory as requested by customers would always increase gross sales.
Seller Financing Description: Seller may consider holding a note for a portion of the sale price. Seller is motivated.

Contact

Photograph of Listing Agent

Nick DeBartolo

DeBartolo Realty Not a member of CARWM
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