Always wanted to own a neighborhood liquor store? Here is your chance. Located on a huge lot next to a coin laundry (same owner), this liquor store has your usual assortment of liquor store choices: cigarettes, snacks, cold beverages, liquor, beer, Lotto, and on-the go items. It's been serving the local community for over 26 years!
It's profitable, but current owner has run it 100% absentee for the last 15 years, and it shows. There is a lot of room for a motivated owner to improve sales and profitability. First, monthly payroll is almost $7,000: an on-premise owner-operator can cut that by at least $3,000, plus manage the inventory closer to customer demand. The current coffee selection is very outdated; give customers some choice, including gourmet options, and watch sales spike. Boost liquor sales by stocking a larger, more modern selection of beers (craft beers are very popular). Add-on services bring in great revenue: add check cashing, money wire, and bill payment. Upgrade the building signage to something modern and attract customers, both day and night. Add hot food to go, and feed those regular weekly laundromat customers who are sitting around waiting for their clothes to wash & dry!
This liquor store comes with a rare opportunity: the chance to purchase the real estate ($875,000 of the asking price). Let the store's rent pay the mortgage! Plus, buy the laundromat next door, and let the laundromat customers drive new liquor store sales. It's a powerful combination; click here for details on the laundromat.
Liquor stores don't come to market often, let alone with the real property. If you're an industry veteran or a new owner-operator, this liquor store may be just what you've been looking for. Contact your Agent today!