Grand Rapids Liquor Store For Sale

Undisclosed Address, Michigan
Expired Business Opportunity for Sale
Catylist Listing ID: 30503763
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $225,000
Gross Revenue: $437,000 (Annual)
Cash Flow: $1 (Annual)
Relocatable Business: Yes
Sale Terms: Cash only, no seller financing available. Value is in SDD/SDM liquor license Kent County, Grand Rapids, Michigan. Inventory could be purchase at close in addition to Purchase Price of business. Offering price does not include inventory. No commission paid on inventory. Short term lease associated with business. New owner can either transfer license to new location or create new lease terms with Landlord and occupy space and business. Subject to MLCC approval of Buyer and transfer of license. Confidentiality Agreement to be signed before disclosure of business address and financials.
Last Updated: 3/19/2020

Overview / Comments

Excellent location SE Grand Rapids with high traffic counts along 28th Street. Competition has reduced sales figures from 2017 to 2018. Value is in the SDD/SDM liquor license to be either transferred to new location or Buyer to purchase business cash and pay for inventory in addition. Buyer approval shall be subject to landlord approval with new lease terms and conditions, credit worthiness and financial status of Buyer.

Additional Details

Industry Segment: Liquor Stores
Reason for Selling: Owner retiring.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Buyer shall negotiate with landlord if Buyer decides to purchase business to remain on location. Short term 3-month lease extensions granted to Seller until sold.
Seller Financing Description: None.
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