Turnkey Liquor Store, Bar & two apartments - Prime Investment Property

Description

Liquor store and bar for sale in Baltimore, Maryland with the real estate and two residential apartments included.

The business has operated since 2011 and combines retail alcohol sales, bar revenue and rental income from one property.

Financials

• Asking price: $1.8 million
• Annual revenue: approximately $1.4 million
• Reported cash flow: approximately $450,000
• Inventory: approximately $150,000
• Real estate included
• Seller-estimated real estate value: approximately $600,000

Buyers should confirm whether the stated cash flow includes apartment rental income and how owner compensation, inventory and property expenses are treated in the calculation.

Property and income sources

• Approximately 2,128 sq. ft. building
• Liquor store
• Bar
• Two rental apartments
• Retail and on-premise alcohol sales
• Residential rental income

The seller reports limited direct competition in the immediate area and regular walk-in customer traffic.

Operations

• Operating since 2011
• Currently run on an absentee-owner basis
• Existing staff and management structure
• Seller reports year-over-year revenue growth

The listing references extended operating hours of up to approximately 20 hours per day. Buyers should confirm the current licensed hours and actual daily schedule.

Growth

• Increase package-goods sales
• Develop private events
• Add catering where permitted
• Capture more daytime and late-night traffic
• Review apartment rents and occupancy
• Increase local marketing

Sale terms

• Real estate included in the asking price
• Seller financing may be available to qualified buyers
• Approximately two weeks of training offered
• Reason for sale: owner is focused on other businesses

Due diligence

Buyers should verify historical financials, cash flow, alcohol sales mix, apartment rental income, tenant leases, inventory value, property condition, real estate value, staffing, insurance, taxes and the terms of any seller financing before closing.

Liquor licenses, bar operations, operating hours and any future catering or event activity are subject to applicable Maryland and Baltimore licensing requirements. Existing licenses should not be assumed to transfer automatically.