A successful family-run wholesale liquor business, which has been in business for more than 18 years now and is located in a safe and quiet N. Texas neighborhood. Business operates out of a 10,000 square foot wholesale distributor location, which features a liquor storefront for retail liquor sales. This wholesaler distributes spirits to local restaurants, bars and other “wet” establishments. This business delivers approximately 75% of its revenues from the wholesale business and generates 25% of its revenues a liquor storefront.
This business has high volume sales, averaging over $800,000 per month. Plenty of regular customers from local large apartment complexes and high traffic roadway ensure a steady flow of new and repeat customers for its retail business. This business has very low overhead, which creates substantial and increasing cash flow. New owner can owner operate or hire managers to run it day-to-day and still realize excellent profits. The building is situated on a sizable portion of land with ample parking spaces. Adding check-cashing services could a solid addition to its retail business, which would add additional foot traffic and impulse purchases. Its wholesale distribution is driven by 100-120 local bars, restaurant, and nightclubs, although the sellers have not actively marketed to their client database to secure additional business.
This business generated nearly $532,000 in SDE (Seller Discretionary Earnings) from approximately $9.5M in revenues in 2016. Assets included in the sale are approximately $195,000 in FF&E (furniture, fixtures, vehicles & equipment). On-hand inventory averages approximately $1,250,000 and it is not included in the list price by TABC (Texas Alcoholic Beverage Commission) Law.
This 10,000 square foot facility is offered for approximately $1,750,000 (or its appraised value) or can be leased for market rent + NNN.
Business does not have sales people nor are the very proactive in trying to grow their customer base which creates such opportunities for buyer.
Several competitors operate within their area, including some statewide distributors. The business appears to be maintaining its market share against competitors although it experienced a slight decline in its retail revenues since the neighboring City of Arlington became “Wet” in 2012. We expect that some four years after the fact that its retails revenues have stabilized and management is focused on growing its wholesale business to replace the loss of approximately 7.8% in revenue from two accounts that were lost to a Statewide Distributor. Two replacement accounts have been secured that can replace the lost revenue and initial engagements are expected soon.
Owner seeks retirement.
Will train for 4 weeks @ no cost.