Liquor Store with Hot Foods & More! ***PENDING***

Allenton, MI

Seller Financing Available

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Sale Pending
Asking Price:$775,000
Gross Revenue:$1,080,000
Real Estate:$400,000
Cash Flow:$210,000
Inventory:$150,000
Established Year:2016
BUSINESS DESCRIPTION

Liquor Store with $300k down land contract!

This is a great opportunity to own a well-established Liquor store in a growing town with the nearest competition being 5 miles away. This store offers the usual of any Liquor store including hot foods, Deli and a convenience self service island like the ones inside a gas station for beverages and coffee. Not only is this located in a safe area with a loyal customer base, but new homes are also being built at an alarming fast pace. This store enjoys a very high profit margin. Liquor is at 35%, Beer at between 30-50%, food is at 60% plus and groceries at 50% plus. Lottery commission was $14,000 in 2022. ATM generates $300 a month. This is a turn-key business that can still be improved upon. NOTE: There can be 3-1bedroom apartments above the store that has been approved by the city that can easily be rented out for $1,000 per month. Please contact me with more details on this great opportunity!


DETAILED INFORMATION
Location
Allenton, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,000
Employees
7
Financing
$300k down/8%/10 years Land Contract
Support & Training
Seller will train for 2 weeks
Reason for Selling
Other Interest
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Joseph
Barbera
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Joseph Barbera