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Neighborhood Liquor Store - Great First Business In Harris County For Sale

Harris County, Texas, US
Asking Price:
$125,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$231,426
Cash Flow:
$17,666

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-562063

Reduced price. Cash buyers only. Price based on $80k worth of inventory at cost. Inventory will be counted and adjusted at close based on actual.

This liquor store has been owner-operated since 2009. Surrounded by a mix of industrial and residential properties, it has an established and loyal customer base. The store includes a wide variety of inventory (valued at approx. $80,000), including spirits, wine, and beer, is organized on custom-built shelving, and includes a huge, well-maintained walk-in cooler. With ample parking, there are neighboring tenants that help drive additional traffic to the business, which has partnering potential with a little effort from a new owner.

With very low rent, the seller does zero advertising, so any attention to marketing is sure to increase revenue and help deliver a more robust profit.

2023 annualized revenue is approx. $235k, with $18k in SDE. The owner has closed for several weeks through the year to take time off, so there has been a lost revenue opportunity as a result. 2021 revenues were just under $270k. The seller is ready to officially retire and spend more time with her grandchildren.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $1,900.00

Square Units (Foot, Meter): 1,400

Premises Details:

FF&E Overview: includes ATM, bullet proof cashier box, custom shelving, and walk in cooler, among other items.

FF&E General Condition: Good

Business Operation

Expansion Potential:

Focus on e-cigs, partnerships with neighbors, gaming opportunities, and adding delivery services and presence on apps such as Drizzly would grow revenues, in addition to good old fashioned marketing.

Competition / Market:

Current owner has state license for cigarette sales as well.

Reasons for selling:

Retirement

Trading hours:

Mon-Sat 11am - 9pm

Years established:
2009

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 1

Furniture / Fixtures value:
$25,000 - included in the asking price
Inventory / Stock value:
$80,000 - included in the asking price