Beer & Wine Party Store w/Lottery

File# C2340
Location: Wayne County
Business Price: $150,000 + inventory
Down Payment: $50,000 + inventory
Monthly Payment:$1,980.12
Interest Rate: 7%
Amortization Period:60 months
Gross Sales: $637,588
Source: 2016 Profit & Loss
Cash Flow: $75,000 +
Source: 2016 Profit & Loss
Inventory: $70,000 +/-
Days Open: 7 days
Business Hours: Monday-Thursday 6am-11pm, Friday 6am-12am, Saturday 8am-12am, Sunday 8am-12am
Seats: NA
Parking: ample
Licences Required:SDM/Lottery/Sales Tax
Year Established:1980's
Year Acquired: 2007
Monthly Rent:$3,000 Gross

Profile:

This is a great, very busy party store that sells craft beer (high profit margin), other domestic and imported beer, wine, pop, some groceries, snacks, offers a beverage counter with fountain pop (very high profit) coffee, cappuccino and much more. It is ideally located in a suburban, blue collar Wayne County city perfect for this business. 2016 sales were $637,558 plus other income (lottery commission, tobacco commission and Money Order commission) of $33,427. The store is absentee owned and run by a manager (the owner’s daughter) plus one other full-time and one part time employee.
The building is owned separately and could be bought with the business or leased for $3,000.00 per month gross (including real estate taxes and building insurance).
Building Price: $275,000.

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This information has been supplied to Broker, Capital 1 Commercial Group, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.