Property ID : WSD24.263
For Sale $399,200.00 - Liquor Store
DESCRIPTION:
• A Modern Wine and Liquor store, located South of the City of Rochester, NY
• Situated as an anchor of a major plaza with plenty of parking
• It has been in operation since 1998.
• It is a nicely laid out, organized, and well-maintained store.
• There currently is a General Manager operating this store for the Absentee-Owner
• This store has 4,850 square foot which includes a storage area and private office.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
• Furniture, Fixtures and Equipment, Fair Market Installed Value of $ 25,000
• Wine and Liquor Inventory, valued at Seller’s cost of $ 250,000
LEASE ARRANGEMENTS:
• Current Base rent is $ 3,900 per month with additional Triple Net Charges of $ 1,475 per month
• A new 3 to 5-year lease at a Base Rent of $ 2,900 per month with options to renew will be offered by the landlord to the Buyer of this business
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
2019 2018 2017 2016
Sales $ 783,984 $ 777,457 $ 815,945 $ 807,124
SDE $ 66,103 $ 65,001 $ 64,971 $ 66,640
PRICE/FINANCING:
• The asking price is $ 399,200 which includes $ 250,000 in Wine and Liquor Inventory at Cost
COMMENTS:
• Great opportunity to own a well-established and successful business.
• Installing Lottery Scratch-Off Machines and Increasing Lottery Tickets sales will increase additional income
