Popular Liquor Store & Cafe in Affluent Town For Sale

Essex County, Massachusetts

Listing ID: 1268

Financial Information
Asking: $385,000
Gross: 1,000,000
Cash Flow: $90,000
Inventory: 120,000 (not included in price)
Financing: Seller financing is currently available for up to 50% of the purchase price.
Seller financing is available

Summary Description - Liquor Store Business For Sale

A well-established and popular liquor store and café are available for sale. The businesses are located on a main road in the heart of town and attract local customers as well as tourists and seasonal traffic. This is a fantastic business for a buyer or two business partners with experience or interest in food and wine! Combined revenues for the two businesses in 2009 was over $1,000,000 with a seller’s income of $63,000 for a single owner and over $90,000 for two business partners. 2010 YTD revenues show a 35% increase over last year for the café and 15% increase for the liquor store. The liquor store has a full liquor license and sells beer, wine, spirits, cigarettes and lottery. They have a very nice selection of unique wines and purchase from smaller distributors. The café specializes in gourmet breakfast and lunch items such as sandwiches, quiche, salads and soups as well as baked goods.

General Information
Facilities: There are long-term leases in place with reasonable rent, and the landlord will negotiate a new lease with a buyer.
Growth and Expansion: The business could be expanded to sell more takeout/prepared foods and more gourmet grocery items such as cheeses, crackers, pasta, pasta sauce, gourmet cooking sauces and cookies/biscotti. A buyer could also do more cross-promotion between the two businesses with combined food and wine tastings and hosting private events in the back of the store. The catering business could provide special discounts for their customers on wine, beer and spirits for their parties as well as delivery service for the liquor as well as the food.
Support/Training: The Sellers will assist the buyer with training and support.
Year Established: 2002
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