Liquor Store In Suburban Wayne County

Description

Liquor store for sale in suburban Wayne County, Michigan. The business operates from a busy road serving nearby residential neighborhoods and commercial areas.

Sales and operation

• Weekly sales: approximately $13,000 or more
• Existing local customer base
• Current owner does little active advertising
• Recently replaced exterior canopy awning

Real estate option

The liquor store can be purchased on its own or together with the four-unit strip center where it is located.

Buyers considering the real estate should review the other units, current tenants, rental income, expenses and property condition separately from the operating business.

Growth

• Add or expand lottery sales
• Introduce prepared or hot food
• Build a website and local online presence
• Add a cigar humidor
• Offer check-cashing services
• Add Western Union or similar money-transfer services
• Increase local advertising

Several of these services require separate licenses, vendor agreements or regulatory approval and should not be assumed to be immediately available.

Reason for sale

The owner is selling because of a change in direction.

Due diligence

Buyers should verify historical financials, weekly sales, gross margins, inventory value, liquor sales mix, equipment ownership, staffing and all current licenses before closing.

If the strip center is included, buyers should also review property value, leases, tenant payment history, taxes, insurance, maintenance obligations and any environmental or building issues.

Liquor, lottery, check-cashing and money-transfer activities are subject to applicable Michigan and federal requirements and may require new applications or transfer approval.