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Busy Liquor Store in excellent location


   
Category :  Liquor Related Biz SIC :  5921  
Detail :  Liquor Package Store Price : 849,900  
County :  Manatee Down :  189,800  
State/Prov :  Florida Adj Net : 244,824  
Country :  USA Sales :  1,154,163  

*****Under Contract. PRICE INCLUDES HARD TO GET FULL 3PS LIQUOR LICENSE VALUED AT $350,000 *** . This extremely busy liquor store is located close to the beach with great visibility and has ample parking. The current owners founded this business over 25 years ago. Rent is $2,700 per month on the current lease which expires in 2023.

Tremendous growth opportunities exist by adding delivery, increasing storage to allow for bulk purchases & implementation of an advertising campaign.

Reason for Sale :  Retirement
General Location :  West Coast Florida
Organization Type :  Corp 'Sub S'     Hours Owner Works: 98
  : Years Established: 28  Years Owned:  28  Emp FT:  2  Emp PT:  0  Mgrs:  0
Non Compete :  Miles:  5   Years:  100  Weeks Training:  2  Cost:   $0
Operating dys/hrs :  8:00 AM TO 10:00 PM MONDAY THRU SUNDAY
Skills/Licenses :  3PS Liquor License
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: Y    Should Qualify For Visa: Y

 


 


Data Source YTD P&L Tax Return     
Year (Cash Flow) 2019 (N) (N) (N)  
Gross Revenue 1,154,163.60 1,083,298 0  
Cost of Goods 794,053.74 761,053 0  
Gross Profit 360,109.90 322,245 0  
Expenses 126,760.04 117,725 0  
Net 233,249.86 204,520 0  
Owner Salary 24,000.00 24,000 0  
Benefits 0 0 0  
Interest Expense 0 0 0  
Depreciation 0 0 0  
Other 2,400.00 2,400 0  
Owner Benefit 259,749.86 230,920 0  

Accounts Rec 0 Y* Real Estate 0 N*
Inventory 75,000 Y* 3PS Liquor License 350,000 Y*
F F & E 84,000 Y* Total Assets 509,000 Y*
Leasehold 17,000 Y*
*Included?  

Lease/Month: 2700 Square Footage: 2100 Building Type: Strip Center
Terms & Options: New 10 Lease Available Expiration Date: 8/9/2023

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Other - Amt:  759,200  Mos: 120  Rate: 7.75  Mo Pmt: 9,111.21  

GLEN MCLAUGHLIN Office :  (855) 969-3534  
ASSOCIATE Fax :  (866) 985-8735  
  Home :  (239) 777-1537  
SUNBELT BUSINESS BROKERS NAPLES & FT. MYERS Cell :  (239) 777-1537  
3510 KRAFT ROAD        
NAPLES, FLORIDA 34109 Email :  [email protected]  
USA Home Page :  www.sunbeltnetwork.com/naples-fl  

 



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Background information

Reference:

NAPFL001-N43

Finance

Sales:

$1,154,163

Profits:

$244,834

Profit type:

Discretionary Earnings

Price and terms

Price:

$849,900