Description
ACROSS FROM OAK PARK MALL / SAME PARKING LOT AS SAM'S CLUB, DSW AND NORTHERN TOOLS. LIQUOR STORE BUSINESS FOR SALE (No Real Estate). INVENTORY, FURNITURE, POINT-OF-SALE, ALL FIXTURES NEGOTIABLE. Management would stay on to assist during the transition for a period if desired. EXCELLENT opportunity to invest or purchase this long-standing business. Through their dedication, creation of operational efficiencies, and their word of mouth marketing, the owners grew the business to $1.8m in gross annual revenue in 2022 with a cap rate of 7.8%. In late 2022, the store was informed that theyd need to find new space as the developer was making room for a big box retailer. In January, 2023 a space was secured in Oak Park Crossing West with a 20-year lease currently undergoing a renegotiation of terms with the pending new owners). Having built out the 4,500 square foot retail store over the course of 5 months to include the metro area's widest selection of Tequila, Whiskey and the largest Beer Cave available this business is poised for incredible growth. 2 years financials, including current year are available by request. Memorandum of Offering available as well.
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School Ratings & Info
Description
ACROSS FROM OAK PARK MALL / SAME PARKING LOT AS SAM'S CLUB, DSW AND NORTHERN TOOLS. LIQUOR STORE BUSINESS FOR SALE (No Real Estate). INVENTORY, FURNITURE, POINT-OF-SALE, ALL FIXTURES NEGOTIABLE. Management would stay on to assist during the transition for a period if desired. EXCELLENT opportunity to invest or purchase this long-standing business. Through their dedication, creation of operational efficiencies, and their word of mouth marketing, the owners grew the business to $1.8m in gross annual revenue in 2022 with a cap rate of 7.8%. In late 2022, the store was informed that theyd need to find new space as the developer was making room for a big box retailer. In January, 2023 a space was secured in Oak Park Crossing West with a 20-year lease currently undergoing a renegotiation of terms with the pending new owners). Having built out the 4,500 square foot retail store over the course of 5 months to include the metro area's widest selection of Tequila, Whiskey and the largest Beer Cave available this business is poised for incredible growth. 2 years financials, including current year are available by request. Memorandum of Offering available as well.
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