05 Jun Liquor Store for Sale – Absentee Ownership Potential
Liquor Store for Sale – Absentee Ownership Potential
This 18 year, one owner, hometown liquor store is located in a picturesque community. This store has one nearby competitor but competes not only on price but also customer service and close relationships within the community. The market is 80 percent local residents and 20 percent tourist trade. Craft beer a local favorite is the top seller, followed by liquor, then wine. Lottery tickets and a small inventory of cigarettes are offered for convenience. The store is open 7 days a week with more limited hours on Sundays.
The owner typically works 20 hours a week with little time spent tending to the day to day operations. Generally the owner places orders, inputs invoices, checks inventory levels, schedules the staff, and manages payroll and bookkeeping. A dedicated crew of part time employees carry out the daily operations. Some shifts are double covered. The long standing staff is committed to customer service, cleanliness, and are well thought of by the owner.
Owner will be available for a smooth transition. Industry software, and a trained staff will make the transition seamless.
The 2100 sq. ft building has a large paved parking lot, and a drive through option for customers. A 1500 sq ft is dedicated to retail, while the remaining is used for stock, an office, single restroom and a large walk-in cooler. A large shed located on the property could offer additional liquor storage by adding insulation for temperature control. The building and property will be considered for sale with the purchase of the business. The owner is also willing to negotiate a lease.
One other liquor store serves the community. This business competes on price, service, a friendly staff, and stock.
Future growth could be enhanced with smart advertising on social media, and local publications, as well as a website. Delivery services could also greatly enhance sales.
Seller financing for a portion of the sale on a case by case basis.