Full Liquor Store With Convenience and Lottery North Of Boston For Sale

Listing: 1246

Financial Information
Asking: $325,000
Gross: $764,000
Cash Flow: $81,500
Inventory: $120,000 (not included in price)
Financing: The sellers will provide some seller financing if necessary.

Summary Description-Liquor Store Business For Sale

A full liquor store with convenience, cigarettes and lottery is available for sale! Located north of Boston in Middlesex County, this store is on a main road with very little competition nearby and steady long-term clientele. 2009 revenues were $763,538 and the seller s discretionary income was $81,500. 2008 revenues were $797,506 and the seller s discretionary income was $102,391. The business sells beer, wine, liquor, convenience items such as soda/snacks/groceries/magazines, cigarettes and lottery. The business also has very high lottery sales and nets an average of $70,000-80,000 in lottery commissions each year. Their most popular products are liquor and beer, and they sell many microbrews and craft beers that cannot be found in other stores nearby.

General Information
Facilities: The business occupies 2,976 square feet of space with approximately 2,000 square feet of showroom space and 1,000 square feet of space for storage, office and bathrooms. There is ample outdoor parking with approximately 10-12 parking spots. The space is in excellent condition with lots of storage, three bathrooms and a fairly new roof which is only three years old. The lease is very favorable with rent at $3,900 per month which includes all common area maintenance charges, taxes and water.
Competition: Prime location with plenty of parking outside. Minimal competition nearby.
Growth and Expansion: The owners feel there is a significant opportunity to expand the lottery business, especially with more Keno. They currently have Keno but a new owner could add an area to sit and play. They feel there is a market for this and their customers would like them to expand the Keno in this manner.
Support/Training: The sellers will assist the buyer with training and support if necessary.
Reason Selling: Other business ventures, eventual retirement.

Contact Information
Contact: Sarah Gudema
Phone: 617-562-5700

BayState Business Brokers, 60 Leo Birmingham Parkway Suite 1L Boston, MA 02135

T: 617-562-5700, F: 617-562-5701

info@mabusinessbrokers.com