Downtown DC Classic Wines & Liquor Biz with Inventory for Sale

Listing Number: 090122-243196

Description

Downtown DC Classic Wines & Liquors Biz with Inventory for Sale

LOCATION, LOCATION, LOCATION
Located in one of Downtown DCs most desirable areas, on a key avenue, they have been a thriving business model for many years and will continue that rich tradition for many generations to come.

This long established wines and liquors business is a great source of consistent income that have been steadily increasing over the years, owned by the same owner from 1992. Like a good Whisky, this business has aged with character, reputation and depth. Owner is highly motivated to sell as he is retiring because of aging but wants to leave his legacy in good hands.

Possessing great visibility on a landmark BUSY intersection of a key street neighboring large commercial and residential districts effectively providing great convenience for all kinds of local and passing customers. Parking is available all around allows them to skip the hassle of parking, which is always nice to have in downtown area.


KEY BUSINESS FACTS:
2022 Sales up 44% and increasing in 45-47% in 2023.
Serious and bona fide buyers send appropriate financials and you will have a response.
Ideal opportunity for an experienced industry buyer to enter and grow their portfolio at the well established landmark downtown DC location, who is looking to add another store at a prime location as well as who are looking to buy the first store at the right place.

ESTABLISHED SINCE: 1976
Location: High Visibility Corner
Business Opportunity: Wines & Liquor with Short Hours, Highly Profitable Site
Net Margins: 36 %+/-.
Sales: $335,000.00 (Including sales tax )
Yearly Revenue and Profit Trends: Steadily Growing
Wine: Liquor - 70% : 30%
Inventory: $198,000 (approx.) included in the asking price (fast moving variety)
910 SF: Store with low monthly rent of $4,100 (nnn). Long term lease.
Majority Customers Type: Well established large commercial, residential areas and visiting tourists. Over 90% of the business comes from established local customers (white color and middle income groups).
Owner Involvement: Semi Absentee Owner

KEY DIFFERENTIATOR/COMPETITIVE EDGE
With the famous George Washington University just south of the district, and other universities/colleges, globally known/operated office buildings including, IMF, The World Bank Group, International Finance Corporation, US Chamber of Commerce, leading hotels brands, The White House, as well as hyper active traffic of tourists and students throughout the area offer vastly abundant growth opportunities for business with the right committed buyer. The university's Homecoming event alone accounts for major week's average worth of income. Thanks to close proximity, Virginia commuters also often stop by while passing through on their way home, after work.


Reason for sale: Retiring

A good business for cash flowing value investors.

Proof of Funds Required.

Seller financing is available

Hours of operation: MON-SAT: 10.30AM-7PM (Sundays are off)




A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

FOR BUSINESS OWNERS: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at achaudhary@tworld.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

FOR INTERESTED PARTIES PLEASE CALL US AT (703) 457-0362 & WE SHALL RESPOND SOON.

Listing Details

• Price: $ 395,000
• Down Payment: $300,000
• Sellers Discretionary Earnings: $ 117,788
• Total Sales: $ 335,609
• Location: District of Columbia


• Inventory: $ 198,000
• FF&E: $ 55,000
• Employees: 2
• Year Established: 1986
• Reason for Selling: Retiring
• Category: Liquor Related Biz