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District of Columbia
Top Notch Liquor Store on Main Ave in NW DC NETS $ 298K!!!
Asking Price
$900,000
Revenue
Call/Email
Down
$250,000
Cash Flow
Call/Email
Name: Matthew Maier
Name
Matthew Maier
Description
LOCATION, LOCATION, LOCATION
Fabulous Long Successfully Operated Large Liquor Store! Growing business located on a corner of a super busy major NW DC avenue and the business has over 3 decades of successful history and would continue that rich tradition for many generations to come with the right buyer.
Known for its wide selection of spirits, wines, and beer, the store has built a strong customer base within the local residential and commercial community. This turnkey operation is ideal for an experienced operator or an investor seeking a stable, proven retail business with room for expansion. Located next to other stores and restaurants this area gets heavy foot traffic but there is also street parking close by for people to park real quick and run in. The owner owns the property and will become the landlord. The rent is for the store as well as the 2 bed 1 bath apartment upstairs. If not lived in, the apartment can sublet or set up as an AirBnB.
ATTENTION SERIOUS BUYERS
All bona fide buyers please send appropriate financials and you will have a response. This is an ideal opportunity for an experienced industry buyer to enter and grow their portfolio with the possibility of buying the amazing business in NW DC, or who is looking to add another store at a prime location or who are looking to buy the first fantastic store at the right super busy street location.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION!!!!!!!!!!!!!!!!!!
ESTABLISHED SINCE: 1991
Location: Staple Liquor Store of the Community on Super Busy Street Business Opportunity: Wines, beers & Liquor Business
Hours: Sun 1pm-9pm M-Sat 11am-11:30pm
Highly Profitable Site Net Margins: 35 %+/-. Sales: $1,188,000.00 (Including sales tax ) Net income/SDEs: $ 300,000
Yearly Revenue and Profit Trends: Remains Steady Product Mix: Wine: Liquor: Beers - 55% : 25% : 20% Inventory: $200,000 (approx.) NOT included in the asking price
New lease: 10 year lease, $8,500 a month Landlord quality: Excellent, current owner Sales Price: $1,000,000.00 (excl. Inventory)
KEY DIFFERENTIATOR/COMPETITIVE EDGE
Surrounded by famous and well established high income residential communities, universities/colleges, globally known/operated office buildings including, leading hotels brands, as well as hyper active traffic of tourists and educated professionals throughout the area offer vastly abundant future growth opportunities for business with the right committed buyer. Thanks to the close proximity, Virginia and Maryland commuters also often stop by while passing through on their way home, after work.
FUTURE GROWTH OPPORTUNITIES USING BEST INDUSTRY PRACTICES
A strong hands-on future owner can reduce payroll and increase sales and profits of this already highly profitable business by tapping the following best industry practices/serivces:
- Online Sales
- Digital marketing to promte the business amongts the millennials and younger gens
- Deliveries to 5 miles radius
- Extending working hours
- Adding commercial cusotmers
- Targeting event supplies
Reason for sale: Retirement
A good business for cash flowing value investors.
Proof of Funds Required (upfront)
Seller financing is available (for inventory only)
OR INTERESTED SERIOUS PARTIES PLEASE CALL
Matthew (AKA Matt) Maier - Business Advisors, Downtown Washington DC, Annapolis & Baltimore) AT OFF: CELL: +1 (571)-268-1884 OR EMAIL AT Mmaier@tworld.com.
Potential AirBnB vacation rental.
Has ATM, does not have lottery, check cashing, or delivery (Uber Eats DoorDash etc.)
Owner opens and closes the store when he wants. Different hours sometimes so, with better hours and better management sales will increase.
https://tworld.com/locations/District-of-Columbia/dcdowntown/listings/Top-Notch-Liquor-Store-on-Main-Ave-in-NW-DC-NETS-298K-
Business Details
Year Established:
1990
Employees:
1
FE&E:
$150,000
Reason for sale:
Retirement
Lease & Tenant Information
Lease Expiration:
11/30/2035
Lease Options:
$8,500
Other Information
Listing Number:
090122-858132
Sales:
$1,054,970
Seller's Discretionary Earnings:
$298,256
Inventory:
$200,000
Posting Information
Posting ID:
ID tw:87803 / Listing Number 090122-858132
Business Category:
Liquor Related Biz, Convenience Stores
Keywords:
Transworld
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Posting Title
Top Notch Liquor Store on Main Ave in NW DC NETS $ 298K!!!
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*87803
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