Key Financials:
Sales are averaging $158,000 per month!
Sales for the last 12 months (May 2023 through April 2024) totaled over $1.9 MILLION per sales tax returns! December 2023 sales were $186,881!
Take Advantage of the Holiday Sales this Winter!
Sales are at a 25% margin! Gross profit on liquor sales are over $40,000 per month!
Check-cashing commission is approximately $2,333 per month, which is $28,000 per year in additional income!
Seller discontinued lottery because operator was not maintaining enough activated scratcher rolls. Buyer can re-apply for the lottery license and generate more income.
Net profit is currently more than $25,000 per month AFTER paying $10,000 per month in Payroll and all other expenses!
Sunday sales are allowed! Store is open 7 days a week: Mon-Wed 9 AM-10 PM, Thu-Sat 9 AM-11 PM, Sun 12:30 PM-6 PM!
Store Information:
Building is 6,000 sq ft per county records on a 0.39-acre lot!
The liquor store occupies approximately 5,000 sq ft, with an additional 1,300 sq ft VACANT SUITE NEXT DOOR!
The vacant suite creates tremendous potential for a new owner to lease it out for rental income, expand the liquor store, or add a complementary business such as a vape shop, cell phone store, check-cashing counter, or a c-store with game machines!
Excellent potential for Game Machines in the second vacant space! Elberton is a strong gaming market, creating another major potential income stream for a new owner!
Building was constructed as recently as 2001!
Established location with a loyal customer base!
Competition:
This is the ONLY liquor store on the west side of Elberton! The other three package stores in town are all clustered on the east side along Elbert Street and GA-72 East!
This store is the FIRST liquor store for every customer coming into Elberton from Athens, Bowman, Royston, and Comer along GA-17/GA-72!
Business has positive Google reviews with a 4+ star rating from over 140 reviews!
Geographic & Demographic Details:
Property has direct frontage on a major street, which carries both GA-17 and GA-72 through the west side of Elberton, with convenient access to GA-77!
Traffic count of over 9,355 vehicles passing by the store each day!
GA-72 is part of an $82.9 MILLION Georgia DOT corridor improvement project running from Athens to the South Carolina line, which will bring even more traffic past the store!
Elberton is the GRANITE CAPITAL OF THE WORLD! Over 45 active quarries and more than 150 finishing plants produce roughly one-third of all granite monuments and memorials in the United States, supporting over 2,000 industry jobs in the county!
Located minutes from Downtown Elberton, the Elbert County Courthouse, the Elberton Granite Museum, and the renovated Samuel Elbert Hotel, generating both local and visitor traffic!
Nearby employers include Elbert Memorial Hospital, Athens Technical College's Elbert County Campus, the Elbert County School District, and dozens of granite quarries and finishing plants!
Richard B. Russell State Park and Lake Russell, one of the top fishing and boating lakes in Georgia, are just 15 minutes east of the store, bringing weekend and seasonal traffic through Elberton!
More than 10,800 residents live within 5 miles of the property, including nearly 7,000 residents within 3 miles and approximately 2,600 residents within 1 mile!
Population is growing! Population within 5 miles grew 2.4% over the past year and is forecast to grow another 3.3% over the next 5 years!
Average household income is approximately $55,300 within 3 miles!
Approximately $40.3 MILLION in Food & Beverage retail sales are generated within 5 miles, demonstrating strong consumer spending in the immediate Elberton trade area!
Nearby colleges include Athens Technical College's Elbert County Campus right in Elberton and the University of Georgia in Athens with over 40,000 students!
Nearby restaurants include Granite City Restaurant, Imperial Bar & Grill, Flat Tire Bar & Grill, and La Fogata, with lodging including the Samuel Elbert Hotel, Days Inn, Quality Inn, and Econo Lodge!
Nearby residential communities include Wildwood Apartments, Sunnybrook Apartments, Elberton Oaks Apartments, Oak Lane Apartments, and Petersburg Towers!
50 minutes from Athens, GA! 1 hour 30 minutes from Greenville, SC and Augusta, GA! About 2 hours from Atlanta, GA!
Asking Price for the Business and Property: $2,499,000 plus inventory! Inventory is guesstimated at roughly $550,000 at cost.
