Business Summary:
A high-volume liquor and grocery store on a major road in the greater Boston area is available for sale. In business for over 60 years, this store is very well-known in the area and the owner recently relocated the store to a better location with a parking lot. Customers appreciate the easy in and out feature of this store where they can purchase groceries, liquor/beer/wine, lottery and cigarettes all in one place. Monthly sales are averaging $80,000 in the new location and the store is on track to gross $1 million in sales this year. The estimated cash flow for the absentee owner is approximately $75,000, and he has long-term and stable staff that would most likely transition with a new owner if requested. A working owner would generate approximately $130,000 in yearly cash flow.
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| Facilities / Terms of Lease:
The location is approximately 2,500 square feet on a 10,000 square foot lot on a high traffic road. There is a large parking lot in front convenient for customers. Most of the customers are working professionals and students living nearby. The location has a brand new air conditioning system, new wine racks, shelving and beer fridges. There is back-room storage, including a walk in cooler. There is also an ATM machine and pay phone on site that accounts for approximately $850 of additional revenue per month. |
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| Potential
Growth/Expansion:
The store can become a 24-hour store to increase business and the location is already approved to be a 24-hour store. The area has a high amount of traffic late at night from the working professionals and students nearby. Liquor sales are prohibited after 11 p.m. however sales of grocery items, cigarettes and lottery late at night should be strong and would only require minimal additional staff. There is also a large amount of deli equipment available to a buyer if they want to add a deli case, grab-and-go foods or hot food items. |
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| Competition:
This store generates the majority of revenue from beer/wine and grocery sales, although it does have a full liquor license. It is extremely difficult to obtain a new liquor license in this town. The transfer of this license should be a smooth process for a qualified buyer. The store also has a high volume of lottery and cigarette sales and will do an estimated $700,000 in lottery sales this year. |
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| Owner
willing to finance:
The seller is also open to providing 50% financing with 50% down from a buyer |
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| Owner
willing to train:
The seller will assist the buyer with training and support. The seller also has long-term and stable staff on site that would most likely transition with a new owner if requested. |
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| Reason for selling:
Personal |
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Seller Reference Number: 1200
BusinessMart.com Listing Number: 57626 |
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