Office ID: #001061
2-Location high-volume liquor stores established for over 2 decades and placed in prime locations are now available for acquisition. Both businesses were established in 1999 and were later acquired by the owner. In 2006, he acquired the first location and in 2009 acquired the 2nd location. Both locations are nearby a major intersection surrounded by retail businesses and commercial office buildings. Most of the customers are Hispanic customers who vary from low to middle-class income that live in the nearby densely populated residential neighborhoods and individuals who drive through the high traffic road that is next to this business. Competition can be expected for the industry this business is within, these two businesses are well known to many local customers as they have been operating here for over 2 decades since 1999 and have a solid customer base that is not much affected by other competitors. The sales of these businesses have been consistent at around $1.5million/year over the last several years, and there was a slight decrease in 2020 due to the COVID-19 pandemic. However, their prime location, solid customer base, and name recognition, coupled with pro-active marketing and new owner's active involvement in day-to-day operation, will definitely bring these businesses back to their pre-pandemic level and be able to reach their full potential. Additionally, few competitors over the last few decades have gone out of business while these businesses have thrived. Although no marketing is currently involved in the operation, various forms of proactive marketing such as direct mailing, flyers, social media outlets, coupons, special discounts, etc. in the local area will serve to increase the overall sales of the business as well as acquire more loyal customers that will consistently come to these businesses. These well-established liquor stores are ready for a potential buyer to actively involve in the business operation while marketing to grow these businesses to reach their maximum potential.
These 2-Location liquor stores are located next to the major highway and have over 2 decades of business operation ongoing from 1999. These two businesses are about 0.4 miles apart, and the second location is closer to the highway. The first location is located in a 5,400 SF space of a free-standing building next to the busy intersection. The second location is located in a 4,355 SF space of a free-standing building just off from a major highway. Currently, 80% of the facilities are being utilized for both locations and can be expanded the interior with some capital expenditure. The condition of all equipment and facilities are in great condition.
There is currently no marketing done except for the pylon signage. This business needs a full scale of marketing, including online and offline marketing, to bring the sales up.
There’s one competitor within the immediate market area, but the loyal customer base has already been established for over 5 decades, and the price point of all products is extremely reasonable.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.