12/3/2024 Purchase Contract Pending - Beer, Wine, Liquor & Lottery

Frederick, MD
407 S Jefferson ST., Frederick, MD., 21701
Asking Price:$595,000
Rent:$6,800/Month
Inventory:$250,000
Established Year:1984
BUSINESS DESCRIPTION

Rare Opportunity In Downtown Frederick To Own A Long Standing 7 Day Class A Liquor, Beer, Wine & Lottery Business In A Vibrant Commercial Corridor Located In Prospect Plaza Shopping Center Which Is Adjacent To MD Routes 15, 270 & 340. Other Class A Tenants Within Prospect Plaza & General Area Include McDonald's, Duncan Donuts, Subway, Dollar Tree , Popular Asian Restaurant, Pizza Hut, The Lube Center, CVS, EXON Gas Station, & More ! Current Owner/Proprietor Has Been At This Location For Approximately 28 Years Occupying Approximately 2600 SQ/FT Of Retail Space With 2 Rest Rooms & Updated Refrigeration Systems With Oversized Walk In Cooler, Display Shelving & A Wide Variety Of Active Inventory With An Approximate Value of (+/-) $250,000.00. Total Electric Service For HVAC Averages Between $800 and $1200 Per Month Depending On Seasonal Demands. Abundant & Convenient Customer Parking Plus Oversized Parking/Delivery Area In Rear Of Shopping Center. Successful Established Business Model Serving The Local Community Since About The 1990's. Current Owner Is Retiring & Willing To Consider Training A New Business Owner.


ATTACHED DOCUMENTS
407_S_Jefferson_Street.pdf.pdf Download

DETAILED INFORMATION
Location
Frederick, MD
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,600
Lease Expiration
31/12/2026
Employees
3
Facilities
Business equipment includes shelving, counters and refrigeration equipment. Inventory Cost approximately $250,000
Competition
Excellent Demographics & Well-Established Business For Over 30 Years
Growth & Expansion
New construction for multifamily housing soon to be built in general area.
Financing
Last 3 Years Tax Returns With Purchaser Confidentiality Disclosure
Support & Training
Owner will consider the option to train new purchaser.
Reason for Selling
Retirement
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JB Powell
JB Powell