Liquor Store & Full Liquor Bar

Saint Petersburg, FL
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Asking Price:$1,750,000
Gross Revenue:$2,500,000
Rent:$6,800
Established Year:2014
Cash Flow:$395,000
Inventory:$175,000
FF&E:$250,000
BUSINESS DESCRIPTION

TWO BUSINESSES IN ONE! Successful retail liquor store and full liquor lounge for sale. Located in south Pinellas County, Florida. The location has strong traffic patterns and is part of a solid community. The retail operation has been in business for over ten years and the lounge for one year. Low overhead, strong cash flow, great location and favorable lease terms from a landlord amenable to extensions under the current terms. The lounge does 80 percent liquor sales as a part of the beverage mix. Over 500K in cash sales the first year. Tremendous opportunity to grow both businesses. Owners will stay on for one month, if needed, for transition. Sales price includes Pinellas County 4COP Quota License valued at $575K. Excellent opportunity for solid operators!


DETAILED INFORMATION
Location
Saint Petersburg, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,670
Lease Expiration
28/12/2033
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Growth & Expansion
The sky is the limit, especially on the lounge side. Weekly sales have been as high as 40k.
Support & Training
The owner will remain on staff for several weeks, if needed, to assist with transition.
Reason for Selling
Current owner assumed control for his parents and has other stores to tend to.
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Michael
Perry
Renaissance Realty
Michael Perry