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RINO Neighborhood, High margin cash cow Liquor Store. Don't Miss!!!
Don't be afraid of the cash flow. This store has done over $1,200,000 in sales in recent years and with the growth happening the owner believes this store will be back to higher sales very soon.
The business has an established loyal customer database. The selection of product is solid; however a new owner could cater to more of a high-end clientele. With several very large residential buildings coming online in the next year, a new committed owner could take this store to new levels in a short amount of time. In addition, the liquor license is pre-2016 which comes with more protection than new licenses.
The property is available to be sold with the store is 3122 sq ft zoned CM-12 with zero lot line set back and no parking requirement. This is a very high-density area of Denver with it increasing every day. The development adjacent to the store has seen several large mid-rise buildings completed around it in the last year.Several more development projects are in various stages and will be built in the coming years all while sitting next to the light rail stop. The owner has building plans for an eight story high-rise already in the works.
The owners have made this store a staple of the neighborhood. You are walking into a business with tons of upside while also being a beautiful store from the moment you take over. The seller is willing to finance a large portion of the purchase price; however, the new owner must be purchasing both property and store. Only serious, well-qualified and vetted buyers will be able to look at this opportunity.
Ad#:2136331
Listed By: Kevin Moore
Background information
Reference:
1007
Year established:
2014
Reason selling:
Pursue other life ventures.
Finance
Sales:
$761,000
Profits:
$85,000
Profit type:
Discretionary Earnings
Operations
Employees:
4
Equipment:
Included in asking price $20,000
Inventory:
Not included in asking price
Premises
Facility:
Efficiently run liquor store with minimal personnel required. New shelving throughout, plenty of storage, newer cooler compressor, new register system and lighting throughout. Property is also for sale. Zoning is for 16 stories with no parking requirement. Seller has plans for an 8 story building which will be included in the asking price ($25,000). Opportunity for a buyer to purchase building with a signed lease.
Square footage:
1100
Location:
Denver, CO
Opportunities
Growth:
Several hundred units are scheduled to be completed in the next year within a few blocks of the store. New owner can also build a several story commercial or residentail building. Additionally, the liquor license provides for three licenses under one name.
Price and terms
Price:
$300,000
Financing:
Yes. Up to 50% and seller has flexibility to structure deal for right buyer!
Training:
As much as needed for a smooth transition.