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Family-Owned Liquor Store

Oakland County, MI

Seller Financing Available

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Asking Price:$399,999
Inventory:$200,000
FF&E:$399,999
Gross Revenue:$800,000
Rent:$3,500/Month
Established Year:1985
Listing ID: 2303698Listing provided by BizBuySell
BUSINESS DESCRIPTION

High Traffic Volume

This liquor store has been family-owned for 40 years and features a wide selection of Craft Beer, Fine Wine, and Specialty Products. They order the latest and greatest products weekly regarding beer, craft beer, microbrews, fine wine, liquor, and anything and everything related to alcohol. Their prices are equivalent to wholesale prices. The current owner is absentee, so a new owner can grow the business by being a full-time operator. There is also room for a kitchen so hot foods could be added. With the high traffic volume in this area, increased food options could help grow this store.

Hours: Monday-Thursday 10am–9pm, Friday-Saturday 10am-11pm, Sunday 11am-9pm
Lease: $3,500 Gross lease with two 5-year options available

DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 2,500-square-foot building is on a busy road with over 50,000 vehicles passing it daily.
Competition
Normal competition for this area
Growth & Expansion
A new owner could add more food options as only dry goods are currently available. There is also room to add a kitchen.
Financing
$100,000 down with terms negotiable for a qualified buyer
Support & Training
Owner is willing to stay on as needed.
Reason for Selling
After 40 years the family is ready to move on.
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Nadir
Jiddou
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Nadir Jiddou
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