Business Summary:
The store was reopened in July 08 in a totally remodeled shopping plaza. The last half of 08, sales were up 12 % over the same period in 07, with sales up 15% this year! We are projecting minimum sales for 09 at around $550,000.Prior to the remodeling of the shopping plaza, sales in this store were in the $600,000 range. Within a 3-5 year period this store could generate sales in the $750,000 to $1,000,000 range due to the anchors in the plaza and plans to develop the area further. Product breakdown is: Wine 40-45%; liquor 35-40%; beer approximately 20%. Since the store does heavy wine volume, the gross profit margin should be at a minimum of 24%. The owner does not encourage beer sales and does not devote that much space to beer inventory. There are no lottery or cigarette sales in the store. Asking price does not include about $100K inventory.
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