Business Summary:
Mainstop Liquor and Convenience was opened in 1999 as a retail liquor store along with a small convenience/party mix store. The business is located at the corner of 17th & Main Streets in the downtown area o f Hays, Kansas. The location is in a relatively high traffic area as 17th street is one of the few streets in downtown Hays that runs through from Vine Street to Hall Street.
The business operates from a 2,076 square foot building that has adequate parking and good ingress and egress from both Main and 17th streets. The building offers two drive up windows, one for the retail liquor store and one for the convenience store. There is also a large warehouse area consisting of approximately 900 square feet with an overhead door providing easy access for deliveries.
Equipment for the business includes two walk in coolers, one approximately 12.5’ x 7.5’ and the other 15.5’ x 7.75’. There are a variety of additional refrigerators and smaller coolers along with shelving and displays. There is a large street sign that was installed new in July of 2008. Both the liquor store and the convenience store have point of sale computer systems that capture sales information, manage inventory and process credit card payments.
The current inventory is approximately $40,000 at cost.
Gross sales for 2007 were $452,560 and year to date comparative sales for 2008 are slightly ahead of 2007 levels. Gross profit margins are typically ranging in the 22% - 24% range. Monthly sales are somewhat seasonal as is evidenced by the attached financial information.
The existing owners of the business wish to pursue other interests and this is their reason for selling. The business has provided solid earnings for the existing owners and thus this is not a distressed sale.
The asking price for the business is $90,000 plus inventory. The price includes all equipment, furnishings and goodwill. The real estate is available for purchase under a separate agreement or can be leased from the current owner.
The operation of a retail liquor store in Kansas does require state licensing and is a highly regulated business. Background checks are required for licensing and the business is subject to inspection for compliance.
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