Liquor Store
Cumming – Forsyth Co.
$1,399,500 SOLD
| Asking Price | $1,499,500 | Cash Flow: | N/A |
|---|---|---|---|
| Gross Revenue: | $2,000,000 | Inventory: | $550,000 |
| EBITDA: | $13,500/Month | ||
| FF&E: | $125,000 | Established: | 2019 |
Business Description
UNDER CONTRACT… JUST REDUCED by $100,000! This store is located in Cumming. It consists of 6,000 sq. ft. with some overflow storage for product.
Built in a brand new shopping center in the fall of 2018. It looks modern, clean and well laid out to display different types of bottom to top shelf products. It has plenty of space to not only maintain status quo on sales, but to really lead the market within a 3- mile radius of the store. The closest competition to this store is 2+ miles away and doesn’t even compare to the high-quality area where this store is located. The demographics are strong and growing exceptionally well. Take some time and look at the demographics we sent with this package. Note that with additional email marketing strategies, continual customer service, along with local advertising, the sales will continue to increase. The current owner does little advertising, yet it continues to grow. The current lease expires in a few years but has option periods. The Landlord is reasonable and could assign the Lease to a new tenant. Other possibilities could be to re-write a longer-term for the new Owner. This opportunity would be negotiated during the due diligence period. Most importantly, the base rental rate is a little high, but it is location, location, location! Traffic count is a STRONG 16,000 cars per day! The entire shopping center is a sight worth seeing. A great tenant mix and ability to draw clients in from other local businesses and next-door restaurants.
It is a MUST see store with a lot of future potential.
SBA financing is available to buy this store. Call for details.
Office hours Mon-Friday 8:30 to 5:30
Weekend calls will be returned on Monday.
Detailed Information
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
12/31/2025
Employees
5
Furniture, Fixtures, & Equipment (FF&E)
Included in asking price
Facilities
NEW! Excellent build out with really nice fixtures and coolers.
Competition
Small stores. Nothing big, so this store controls the market.
Growth & Expansion
Expansion:Additional advertising will help this store grow even more. It should hit $2,250,000 in gross sales in 2021.
Support & Training
2 weeks
Reason for Selling
Diversifying investments
