Liquor Store in Charleston, SC - UPDATE: under LOI
Summerville, SC
| Asking Price: | $95,000 |
| Gross Revenue: | $392,000 |
| Rent: | $2,598/Month |
| FF&E: | $25,000 |
| Cash Flow: | $55,611 |
| Inventory: | $50,000 |
| EBITDA: | $55,611 |
| Established Year: | 2020 |
Listing ID: 2266552Listing provided by BizBuySell
BUSINESS DESCRIPTION
Substantial Owner Financing
THE BUSINESS IS UNDER AN LOI. Multiple back up offers already in place as well. Thank you for your interest.
Liquor Store for sale in Summerville, SC. Small Owner Operated location with tremendous upside potential.
Gross Sales: $392,000
Profit: $55,611
Asking Price of $95,000 (plus inventory @ cost - approx. $50,000) includes new POS system, shelving, refrigeration and all necessary equipment and fixtures to grow the business.
Owner Financing with favorable terms needing only $15,000 down. With $80,000 financed over 3 years @ 8%. Inventory sold at cost and financed over 18 months.
DETAILED INFORMATION
Location
Summerville, SC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
01/01/2031
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Very busy road with plenty of parking on site. Approx 1500 square foot space with private restroom. Shelving, sales counter and refrigeration is ample for space and is VERY CLEAN. There is a security system in place and new POS (Shopify) that makes running the business very efficient.
Inventory is approx. $50,000 and will be sold at cost and financed over 18 months of equal payments.
Growth & Expansion
We purchased this location as part of a portfolio, 16 months ago.
Seller will explain more in detail after an NDA is signed, on why the business is being sold and what expectations a new owner could warrant.
Financing
$80,000 @ 8% for 36 months
Support & Training
40 hours of training (over 30 day period) will be provided by Store Manager and General Manager. Buyer will be given access to all vendors, buying cycles, and use of the POS.
Seller will assist with checklist of all items needed to secure Liquor License, Banking needs....
Reason for Selling
Will explain in detail after NDA execution
BUSINESS LOCATION
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