Listing Number: 090122-263485
Description
Semi Absentee & Operational Efficient | Trophy Corner Low Rent | Long Term Lease | Great Potential Business Opportunity for Sale in NW DC
LOCATION, LOCATION, LOCATION
Fabulous Long Successfully Operated Large Liquor Store! Growing business located on a corner of a super busy major NW DC avenue and the business has over 7 decades of successful history and would continue that rich tradition for many generations to come with the right buyer.
This long established wines and liquors business is a great gemstone and source of consistent net income that have been steadily increasing over the years, owned by the present owner from 2002. Like a good Whisky, this business has aged with character, price, total cusotmer satifaction, reputation and depth of excellent relationships with their vedors and suppilers. Owner has diversified in other ventures with his next generation, such as multifamily real estate projects/business beyond DC and sincerely wants to leave his legacy in good professional hands to continuing serving the markplace with love and affactions and keep continuing growth intact in the future. Well-known and great location offers tremendous corner visibility and plenty of parking. The store is all beautifully built with no expense spared by the owner. Professionally operated by well-trained staff.
KEY BUSINESS FACTS & NUMBERS:
2023 Sales were up 14% and increasing in 18-19% in 2024 thanks to their customers loyalty and great price and variety of products as well as top notch services.
RIGHT BUYERS
Serious and bona fide buyers only. Ideal opportunity for an experienced industry buyer to enter and grow their portfolio, who is looking to add another store at a prime location as well as who are looking to buy the first store at the right place securing their future incomes.
ESTABLISHED SINCE: 1954
Location: High Visibility Corner
Business Opportunity: Wines & Liquor with Short Hours, Highly Profitable Site
Net Margins: 32 %+/-.
2023 Sales: $1,902,688.00 (Including sales tax )
Yearly Revenue and Profit Trends: Steadily Growing
Wines: Liquors/Beers - 60% : 40%
Inventory: $360,000 (approx.) not included in the asking price (fast moving variety)
2,710 SF: Store with low monthly rent of $7,000 (plus CAM), approx. Long term lease (5 years plus 5 years options).
Majority Customers Type: Well established large, residential areas, commercial and vtourists. Over 90% of the business comes from established local retail customers (white color and middle to high income/per capita income groups).
Owner Involvement: Semi Absentee Owner
KEY DIFFERENTIATOR/COMPETITIVE EDGE
Surrounded by famous and well established high income residential communities, universities/colleges, globally known/operated office buildings including, IMF, The World Bank Group, International Finance Corporation, US Chamber of Commerce, leading hotels brands, as well as hyper active traffic of tourists and educated professionals throughout the area offer vastly abundant future growth opportunities for business with the right committed buyer. Thanks to the close proximity, Virginia and Maryland commuters also often stop by while passing through on their way home, after work.
FUTURE GROWTH OPPORTUNITIES USING BEST INDUSTRY PRACTICES
A strong hands-on future owner can reduce payroll and increase sales and profits of this already highly profitable business by tapping the following best industry practices/serivces:
- Online Sales
- Digital marketing to promte the business amongts the millennials and younger gens
- Deliveries to 5 miles radius
- Extending working hours
- Adding commercial cusotmers
- Targeting event supplies
Reason for sale: Retirement
A good business for cash flowing value investors.
Proof of Funds Required (upfront)
Seller financing is available (for inventory only)
Hours of operation: MON-SAT: 10 AM-9PM - SUNDAYS 9 AM -9 PM)
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 me at [email protected]. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
For interested parties, please contact:
Aamer Chaudhary - President/CEO
Transworld Business Advisors, downtown Washington DC at: Cell: 202 509 3739 / 703 4570362 or Office 202 461 2204 or by email [email protected], we shall respond soon.
Listing Details
- Price: $ 1,425,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $ 623,081
- Total Sales: $ 1,902,688
- Location: Washington, Washington , District of Columbia
- Inventory: $ 360,000
- FF&E: $ 175,000
- Employees: 3
- Year Established: 1954
- Reason for Selling: Retirement
- Category: Liquor Related Biz
