MergerPlace

Beer and Wine Store

Texas (Lubbock)


  • Asking Price: $985,000
  • Gross Income: $658,441
  • Cash Flow: $101,605
  • Real Estate: $787,700
  • Inventory: $85,000
  • FF&E: $37,000
  • Listing ID: #217726
  • Established: 2017
  • Employees: 2 FT

Business Description

Business was opened in April 2017 by 2 investors. The location is in a high growth area outside city limits. 2 businesses in one. A liquor store and storage units/shops for rental. There are 28 storage units and 8 shops (1 used by the owners/company) located on the lot next door to the liquor store. Rentals have all stayed leased in 2019. Hours of operation for liquor store is 10am-9pm Monday-Saturday an closed on Sunday's. Store is managed by the owners using 2 employees. TABC certification is not necessary for employees however; the owners require this for liability reasons.


Business Details

Primary Business Category: Manufacturing - Beverage & Tobacco
Location: Texas
County: Lubbock

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $985,000
Gross Revenue: $658,441
Cash Flow: $101,605
FF&E: $37,000
Inventory: $85,000
Real Estate: $787,700
Seller Financing Available: No

Property Information

Facilities:

The liquor store is 12,500 SF, 250' x 50', sits on 1.8 acres. The 28 storage units are broken down by (8) 10 x 12, (4) 15 x 25, (12) 10 x 10, and (4) 10 x 20. The 8 shops are each 30 x 50. Property has well and septic (2) tanks. Motorized gate at front entry and manual sliding gate in rear. Fenced property. Camera's are on (2) front, (1) side and (1) on Storage areas

Growth & expansion opportunities:

A new owner could add food & gas sales, land can be used for expansion to build more shops and storage units.

Competition:

Location is North University with very little competition.

Reason for selling:

Owners would like to focus on other owned businesses.

Support & Training:

Will train for 2 weeks @ no cost Products are liquor, wine, and beer sales. Pre-packaged sandwiches, cigarettes, soft drinks and other general vending items. Services include storage units and shops for lease. TABC liquor license and city/state required business licenses.

Contact Business Seller

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Business Listed By:

David Powell

Murphy Business Brokers