Long Established Profitable Wine & Liquor store for Sale

Listing Number: 090122-496165

Description

Well Established and Highly Profitable Wine, Beer, Spirits & Liquor Store with Full Liquor License for Sale on Main Street, Capitol Hill area DC, 2023 (till date) sales up 34 % with (Class 'A' Retail ABRA License) and regular customer base as well as strong growth potential to grow the business with new customers. Current owner, has been managing this business profitably for over 27 years and now retiring.

If you're looking for a top-location liquor store that offers a comprehensive selection of wine, beer, liquors and spirits, look no further. This store is conveniently located in a bustling Capitol Hill area, close to federal government offices, congress offices, large residential communities and retail blocks that sees plenty of traffic (more than 21,000 vehicles pass through the street daily). Ample street parking spaces available to make the customer's shopping experience easy and stress-free. This is an excellent investment opportunity that you won't want to miss. This is a highly lucrative opportunity for buyers that can further increase the revenue and profitability in the future.

In 2022, the business is doing about $498k in gross sales and $160k in net profit from the business, plus $70k (on lottery and other day to day items). Total cash flow $230k. . With a respectable rent figure of $7120/month (nnn) with the leasable sq. ft. 1,100 and a recently renewed lease for another 10 years with an option for a further 5, this is an ideal opportunity for any liquor store buyer. It's especially ideal for someone with experience who wants to take the business to the next level.

Proof of Funds Required.

Listing Details

• Price: $ 400,000
• Down Payment: $300,000
• Sellers Discretionary Earnings: $ 185,775
• Total Sales: $ 498,364
• Location: District of Columbia


• Inventory: $ 60,000
• FF&E: $ 80,258
• Employees: 2
• Year Established: 1943
• Reason for Selling: Retiring
• Category: Liquor Related Biz