High-Volume Liquor Store with Property in Columbus, MS!
| Asking Price: | $2,400,000 |
| Gross Revenue: | $1,860,000 |
| EBITDA: | $37,000 |
| Cash Flow: | $444,000 |
| Inventory: | $1,400,000 |
| Established Year: | 2021 |
Average Monthly Sales are currently $155,000 per month!
Business only sells liquor! No beer, tobacco, or cigarettes are being sold as required by state law.
Business includes a wholesale license for the entire State of Mississippi if the Buyer wants to wholesale to other retailers!
The State of Mississippi also allows delivery of alcohol within a 35-mile radius either by third party apps (Doordash, Ubereats, etc) or delivery by the liquor store itself. The Seller is currently NOT doing delivery but there is a huge opportunity for Buyer to offer delivery and increase sales by another $30,000 per month!
Closed on Sundays and only open from 10 am to 10 pm 6 days a week due to City ordinance.
Net profit is over $37,000 per month AFTER paying over $7,500 in Payroll and all other expenses! Huge Opportunity for an Owner-Operator!
Building is nearly 5,000 sq ft!
Currently run by employees! One of the key employees is willing to stay on!
Business has 5 star reviews from customers stating that the store is clean and has the best customer service in town!
Fantastic location at a Highway Exit with an average traffic count of 28,552 vehicles passing by the store each day!
Minimal Competition at the Exit! Only one other competing store located on the opposite side of the exit with a substantially lower customer household income. That store pales in comparison and has very little inventory!
This Property benefits from the richest neighborhood in the City with the highest buying power!
Seller is selling because he has multiple businesses and lives in another state!
Near universities such as the Mississippi University for Women with over 2,178 students.
Surrounded by manufacturing plants like Monroe Tufline Manufacturing Co, Ceco Building Systems, Columbus Brick, Lounora Industries Inc, Johnston Tombigbee Furniture Manufacturing Company (JTB Furniture), Ashley Sling, Inc., Newman Oil Co.
Only 5 miles from three apartment complexes!
Major Summer Lake Tourism! Near to a State Park with a 150-acre lake, 50 developed camping sites with vacation cabins!
Near to Park View, a planned community in the heart of downtown Columbus. The development of Park View follows the tenants of New Urbanism and Traditional Neighborhood Development, which emphasizes walkability, aesthetics, and community.
Asking Price for Business and Property: $2.4M plus inventory! Inventory at cost is roughly $1.4M but the inventory on the floor being sold to customers is about $650,000. Buyer only needs to pay for the roughly $650,000 of inventory on the floor and Seller can move the remaining inventory in storage elsewhere.
Business has sufficient tax returns to bank finance the deal! You will most likely only need to bring 20% down, which is $760k.
