Liquor Store in Desirable Upscale Community
Primarily Wine Sales with High Margins
Middlesex County, Massachusetts
Listing Number: 1602
Asking Price: $475,000 (+Inventory)
Gross Revenues: $1,100,000
Owner's Cash Flow: $125,000
This is a great opportunity to own an established liquor store in an affluent town with median household income of over $140,000! The business primarily sells higher end wine and liquor and enjoys high margins on all items. A new owner or an entrepreneur could run this full liquor store business themselves with very little part-time help. The owners are currently absentee since they own other, larger stores.
Located in a busy downtown area, the business is 2,000 SF with a large showroom and ample parking with an adjacent parking lot. All equipment such as coolers and wine racks are in excellent condition.
There are several ways a buyer could increase business. The owners believe prices can be increased slightly without losing business. They don’t do any marketing, so an owner who captures customer email addresses could target them directly with information on special products and tasting events. Currently the business does not do regular wine and beer tastings and these events should be added to bring in more business. A Facebook page could also be created to alert customers about special events in the store.
Support & Training: The sellers will provide necessary support and training.
Reason Selling: Life Style Change