90+YR old Top Producing Liquor Store BIZ in NW DC NETS $212K!!

Listing Number: 090122-875162

Listing Details

90+YR old Top Producing Liquor Store BIZ in NW DC NETS $212K!!
Price: $750,000
Location: District of Columbia
  • Down Payment: $200,000
  • Sales: $847,540
  • Seller's Discretionary Earnings: $212,427
  • Inventory: $190,000
  • Furniture, Fixtures, and Equipment: $100,000
  • Rent: $4,500
  • Employees: 2
  • Year Established: 92
  • Reason for Selling: Retirement

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For More Information About This Listing
Matthew Maier
IBBA

Business Description

Class 'A' DC ABRA License | Low Rent & Long Term Lease | Staple Store in a NW Residential Community | Sales Steadily Growing

For over 90 years, this local community liquor store has been providing its loyal customers with a variety of wines, liquors and beers in very inviting, comfortable setting. Current owner for over 33 years, has successfully managed the business backed by the surrounding neighborhood. The clientele is extremely loyal to this store and there is a park nearby a lot of people congregate at which makes this business opportunity amazing for the new owner/s to immediately capture a solid footprints in this bustling Washington DC neighborhood.

LOCATION, LOCATION, LOCATION!!!!
Strategically located in one of DCs most diverse and close knit NW DC neighborhoods. Surrounded by cafes, salons, and eclectic restaurants, on a key busy avenue. The owner has been thriving for many years and new owner can continue the legacy of serving the marketplace, customers love this business, as a go to spot.  

If you are truly interested in this value investing and long successful business opportunity, please contact us or you will receive a response. Please dont waste our time and we wont waste yours.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION!!!!!!!!!!!!!!!!!!

KEY BUSINESS INFORMATION:
Location: High Visibility Cornerstone at busy intersection
Business Opportunity: Wines, beers & Liquor
Highly Profitable Site Net Margins: 40 %+/-.
Sales: +$847,549.00 (Including sales tax )
Net income/SDEs: $ 212,427.00
Yearly Revenue and Profit Trends: Steadily Growing
Inventory: $190,000 (approx.) NOT included in the asking price (fast moving varieties)
Long lease: Long term 5 YR + 5 YR OPTION - Store size 1,121 square feet
Low Monthly Rent $5,500 (NNN) with standard DC 3% Annual Lease increases)
Landlord quality: Excellent and Low Rent

Employees: Full time,1 Part time 1

Sale Price: $ 750,000.00 (Excl. inventory.)

LOYAL CUSTOMERS BASE TYPE
Well established mixture of large retail, commercial, and residential areas. Many pedestrians are waiting outside for the owner to open the store at 12pm somedays. With stricter and earlier hours, you will do more business.

This is a once in life and rare opportunity for an experienced buyer and selling only for the reason that owner is older and retiring and he has no succession plans in place. This store has a lot of online gamblers in the area and is adding new gambling machines from DC govt and will further boost the income stream. Fast moving and well balanced inventory. Inventory is not included in asking price.

Proof of Funds Required (upfront).

Seller Financing: Is available for high quality credit customers only.

Reason for Sale: Retirement 

A Must see to appreciate.

Anyone interested must sign a confidentiality agreement with proof of funds before releasing any information. Please inquire for more details and learn how you can buy a business and know how we can help you use the creative and practical financing options, including the easy sellers financing to get a deal done!

THE UNMATCHED TRANSWORLD VALUE
This The White House Area downtown DC-based store for sale is proudly offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and middle market business owners and buyers with transaction expertise.

FOR BUYERS: Also, you may get added to our buyers list today to receive notifications as businesses with your criteria hit the market!

FOR BUSINESS OWNERS, LETS HELP US SELL YOUR BUSINESS CONFIDENTIALLY
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 us. Our buyers are already prequalified and willing to invest their time and money toward a business like yours in order to buy it soon.

All communications are kept STRICTLY CONFIDENTIAL for the sale of your business.

FOR INTERESTED PARTIES PLEASE CALL
Matthew Maier,
Business Advisor & Consultant,
Transworld Business Advisors, Downtown, Washington DC,
at Cell (571)-268-1884 or by email [email protected]