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Memphis - Cash Flow $150,000 - Upscale Liquor Store

Memphis, TN
listing image
Asking Price:$417,000
Gross Revenue:$840,000
FF&E:$100,000
Cash Flow:$150,000
Inventory:$300,000
Established Year:2021
Listing ID: 2313688Listing provided by BizBuySell
BUSINESS DESCRIPTION

Upscale Liquor Store. Attractively Merchandised. Growing Business - Soon to be 3 Years Young.
Annual Sales $840,000. 2024 Sales Up 10% over 2023. Nice Sales Margins of 30%.

Long Term Lease. The Facility is 2800 Square Feet. Attractive Storefront, Signage, Visibility and Parking. Good Presence in this Large Box Store Complex. Heavy traffic area.

Owner Operator Business with (1) Employee. Sales by Department: Liquor 70%; Beer 20%; Wine 8%; Other 2%. Liquor Sales in the Memphis Area continues to be in high demand. Growth Opportunities: Lottery, ATM, Check Cashing, Tobacco/Vape Products, Delivery and Beginning in 2025 - pass Credit Card Fees to Customers (now a customary practice in retail stores) - would add $15,000+ to the bottom line yearly.

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DETAILED INFORMATION
Location
Memphis, TN
Inventory
Not Included in asking price
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All Furniture, Fixtures and Equipment in Like New Condition. Seller Spared No Expense in the Upfit of this Liquor Store. State of the Art Security System. The business is turnkey ready for New Buyer.
Competition
Typical of Memphis. Liquor Products in High Demand.
Growth & Expansion
See Above.
Financing
Possible SBA Loan for Qualified Buyer.
Support & Training
Seller will provide through training to insure a smooth transition for Clientele and Buyer.
Reason for Selling
Partnership Issues and Seller's Distance from Work.
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Jill Taylor
Tidewater Associates
Phone Number
Jill Taylor
Call Phone