MergerPlace

Package Liquor Store East Texas

Texas


  • Asking Price: $2,800,000
  • Gross Income: $7,060,992
  • Cash Flow: $399,524
  • Real Estate: $977,918
  • Inventory: $535,689
  • FF&E: $143,197
  • Listing ID: #199350
  • Established: 2010
  • Employees: 7 FT

Business Description

This business specializes in Alcoholic Beverage Retail & Wholesale. The business is broken down by 24% retail and 76% wholesale and operates from a beautifully maintained facility where customers feel safely welcomed. The wholesale portion of the business is the primary driver for the growth and success of the company, while retail sales have shown a steady increase as well. This company has 90% of the wholesale business in the fast-growing county it resides. Both owners are operating as absentee owners since the inception. Full time general manager on staff plans to stay with the next owner.


Business Details

Primary Business Category: Retail Trade - Liquor Stores
Location: Texas

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT

Financial Information

Asking Price: $2,800,000
Gross Revenue: $7,060,992
Cash Flow: $399,524
FF&E: $143,197
Inventory: $535,689
Real Estate: $977,918
Seller Financing Available: No

Property Information

Facilities:

The 5 year old stand-alone building offers approximately 7,400 sq. ft. of combined retail and storage featuring a large walk-in refrigerator to keep inventory chilled. Due to the size of the building, the company is amply prepared to serve walk-in customers as well as local establishments like bars and restaurants. The property is situated on approximately .830 acre of land as shown on the tax rolls. See appraisal report for more info. Real Estate is included with the purchase of the business. The Business can be purchased alone for $1,822,082. The business is centrally located near the clients it services, and a short distance from a major highway.

Growth & expansion opportunities:

This company is ideally positioned for additional growth primarily due to the acquisition of nearby competition as well as population growth along the East Texas corridor including a recent announcement of a major employer moving into the area. While the County’s growth will sustain an increase in wholesale client opportunities, the retail aspect is the area for serious growth and higher profit margins.

Competition:

The competition is not a major concern because there are a very small number of nearby liquor stores. Furthermore, the wholesale competition is virtually non existent because this business services 84% of the establishments that sell liquor in the county. They have bought out 1 neighboring retail store in recent years which has enabled them to exponentially grow the business.

Reason for selling:

Wants to pursue other business opportunities.

Support & Training:

Will train for 12 weeks @ no cost. Liquor license, basic management and bookkeeping skills. Due to current laws and regulations, the prospective buyer cannot currently have any ownership interest in another establishment that sells or manufactures alcohol (restaurants, bars, etc.). However, a prospective buyer may have an interest in another off-premise establishment that sells alcohol such as a package liquor store or convenience store.

Contact Business Seller

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Business Listed By:

Mike Garza

Murphy Business Brokers