Wayne County Suburb Liquor Store with Real Estate
Wayne County, MI
| Asking Price: | $799,999 |
| FF&E: | $140,000 |
| Inventory: | $130,000 |
| Real Estate: | $650,000 |
Listing ID: 2276979Listing provided by BizBuySell
BUSINESS DESCRIPTION
Real Estate with Extra Unit
This liquor store has been in the community for over 30 years and has been under current ownership for the past four years. The owner purchased the store for a family member to operate, but he cannot manage it due to health reasons. The real estate and the liquor license alone make this a great value. The building is 6,000 SQ/FT with plenty of parking and an extra unit that a new owner can lease or expand the store business. Adding hot foods could increase sales dramatically. This liquor store needs a new owner who is eager to work and build the business back to where it used to be.
Current store hours:
Sunday -Thursday 8am-11pm
Friday - Saturday 8am-12am
DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,000
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 6,000-square-foot building is on 0.25 acres and is on a busy street with plenty of parking. A new owner can lease the extra unit or expand the store business.
Competition
Normal competition for this area.
Growth & Expansion
The store needs a good operator to grow. Adding hot foods could also increase sales dramatically.
Financing
$300,000 down. Amortized for 10 years at 8% with balloon due in 5 years
Support & Training
Seller is willing to train a new owner
Reason for Selling
Family member has health issues
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