Liquor stores are tried-and-true, which this market has proven by being in business for almost 40 years. The store is located on a major, well-travelled street and is surrounded by single family residential neighborhoods homes. The center features parking in front & back and easy access from the roadway.
This Market is a small neighborhood store, so it enjoys very low fixed rent with a nice, long lease. Additionally, the current owner recently (February 2023) added a 21 liquor license, which has started to boost the store’s sales. The monthly Lotto income alone ($1,800) pays the rent!
The current owner is involved with two locations and wants to focus on the one nearest his home. Therefore, he is looking to find a successor for this gem. A buyer can step in and simply operate it “as-is” and enjoy a $100,000 income. Growth-minded buyers can increase the hours, add EBT, advertise, and possibly expand, in the future, by taking the next door unit (with landlord approval, of course). This store enjoys low competition, as there are few nearby liquor stores, and there is very little available retail space for new competitors.
With only two owners in the last 40 years, This Market clearly has staying power. This is a fantastic starter store for somebody new to the industry, or for anybody looking to expand to multiple stores. If you’ve always wanted to own a liquor store, this is a great opportunity. Reach out to the Agent today