Liquor Store with property***PENDING***

Detroit, MI
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Sale Pending
Asking Price:$1,500,000
Inventory:$275,000
Established Year:2013
Gross Revenue:$1,200,000
Real Estate:$875,000
BUSINESS DESCRIPTION

Don’t miss out on this opportunity to take over this beautiful Liquor Store and shopping center. The store is 3,600 sq ft and there are three rental units that is included in the shopping center. The store is newly remodeled and is turnkey and easy to run without any hot food. The store has short hours and sales can be greatly increased by extending the hours and adding hot food. This store is located by a major big 3 manufacturing plant that is currently running 3 shifts! The seller is ready to retire. Lottery commission is $42,000 for 2022. ATM generates $800 monthly. One rental unit is vacant. One rental unit is rented out for $3,000 a month and another one is rented out for $1,200 a month. One end is leased out for $1,500 a month. The shopping center is fairly new construction built in 2006 and no expense was spared in building the building and property.


DETAILED INFORMATION
Location
Detroit, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,800
Employees
3
Financing
CASH/Conventional Mortgage
Support & Training
Seller will train for 2 weeks
Reason for Selling
Retiring
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Joseph
Barbera
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Joseph Barbera