SBA Approved, High-End Liquor Biz with/wo Cor. Property in NW DC

Listing Number: 090122-639297

Description

Semi-Absentee | Top Notch Cash Flowing Liquor Store | Full Liquor License | Top Notch Main Street Corner Property

LOCATION, LOCATION, LOCATION
Located in one of DCs most desirable areas, this SBA prequalified thriving business model has been a proven success for decades and will continue that rich tradition for many generations to come with the right buyer. An unparalleled opportunity in America's National Capital with great corner property on key main street.

This exclusive long successful establishment stands alone in the market, free from competition and nestled amidst the most coveted demographic imaginable.

Specializing in only the finest, ultra-premium brands wide range of products, the business caters to an elite clientele, offering an experience of luxury and sophistication. What sets this liquor and wine store apart is its state-of-the-art, fully automated system and soothing ambience, allowing for effortless absentee ownership. This cutting-edge feature ensures seamless operation and efficiency, making it an attractive investment for those seeking a hands-off approach.

Moreover, the store boasts the most advanced temperature-controlled storage facilities currently available in the market, preserving the quality and integrity of their exquisite collection. This attention to detail is a testament to the unwavering commitment to excellence by the owner. This turnkey solution is ready for you to step in and continue the legacy of luxury and success.

This liquor and wine store is not just a store; it's a statement. It's an opportunity to own a piece of exclusivity, to be part of a select group that values the finer things in life. Don't miss your chance to invest in this rare gem, where luxury, convenience, and profitability meet.

KEY FINANCIAL PERFORMANCE FACTS:
2023 Sales up 25% and increasing in 25-29% in 2024.

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 business with a landmark property in DC, as well as who is looking to add another store at a prime location or who are looking to buy the first fantastic store at the right place with trophy property.

ESTABLISHED SINCE: 1984
Location: High Visibility Corner on Super Busy Street
Business Opportunity: Wines & Liquor with Short Hours, Highly Profitable Site
Net Margins: 33 %+/-.
Sales: $742,189.00 (Including sales tax )
Yearly Revenue and Profit Trends: Steadily Growing
Wine: Liquor - 60% : 40%
Inventory: $98,000 (approx.) NOT included in the asking price (fast moving varieties)
Long lease (5 year plus 5 year option to renew)
Store size 1.195 square feet
Low Monthly Rent $ 4.419 (NNN) with standard DC 3% Annual Lease increases) - 5 year lease plus 5 years option.
Landlord quality: Excellent
Business is valued at $ 700,000.00.
Property value at $1,600,000.00
Total Sale Price: $ 2,300,000.00

Note for interested buyers: Business and property can be purchased together or on a standalone basis/separately.
Employees Full time 1 Part time 1

MAJORITY CUSTOMERS BASE TYPE: Well established mixture of large retail, commercial, areas and visiting tourists in the area all year round. Over 90% of the business comes from established local residential areas customers (over 87 % whilte community in the area and rest high household income groups).
Inventory $87,000 +/-( not included in asking priced to be paid dollar for dollar at closing)
No Lottery and No Check Cashing

KEY DIFFERENTIATOR/COMPETITIVE EDGE
Thanks to close proximity, Virginia commuters also often stop by while passing through on their way home, after work. The owner has long experience in the liquor business and has effectively kept operational costs under control for long years and thats how has profited stronger net margins consistently,

Reason for sale: Retiring
A good business for cash flowing value investors.
Proof of Funds Required.
Seller financing is available for inventory only
Hours of operation: MON-SAT: 12.30PM-8PM (Sundays are off)

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

FOR BUSINESS OWNERS: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact us. Our buyers are already prequalified and willing to invest their time and money toward a business like yours in order to buy it soon. All communications are kept STRICTLY CONFIDENTIAL for the sale of your business.

FOR INTERESTED PARTIES PLEASE CALL:
PRINCIPAL BUSINESS ADVISOR/BROKER AAMER CHAUDHARY AT CELLPHONE (202) 509-3739 OR EMAIL [email protected] & WE SHALL RESPOND SOON.

Listing Details

• Price: $2,300,000
• Down Payment: $300,000
• Sellers Discretionary Earnings: $287,403
• Total Sales: $742,189
• Location: Washington, District of Columbia


• Inventory: $90,000
• FF&E: $120,000
• Employees: 2
• Year Established: 1984
• Reason for Selling: Owner Retiring
• Category: Liquor Related Biz