Last Revised: 1/6/20. Posting #: 10249189
Key Words: liquor, boone, absentee
Financial Info: Asking Price: $299,000. Gross Revenue: $650,000. FF&E: $100,000 included. Inventory: $190,000 included. *Margins have been low to build sales and ready for price increase which would all transfer to the bottom line. Real Estate available for purchase or long-term lease with option to purchase.
Profile: Location: Boone County, Arkansas
Inventory: Included in asking price
Real Estate: Owned
Building Size: 7,000 sq. ft.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Updated facility with high traffic counts.
Competition: None close by.
Growth & Expansion: Note: Seller says he priced goods below industry margins to build up client base and now ready for across board price increase making the potential owner operator's income over $100K. Inventory high due to need to get best pricing to maintain low introductory pricing. Plenty of room to grow and focus on wine, craft beers and aged liquor could improve margins.
Support & Training: Negotiable
Reason for Selling: Moved from area.
Building recently upgraded to present clients with a great feel from the moment they walk in. You will find the store is well equipped and well stocked with highly experienced staff.
The business has been run absentee for over a year and would benefit from having an owner operator in place.
Margins have been low to build sales and ready for price increase which would all transfer to the bottom line.
Excellent record keeping and financials.
Real Estate available for purchase or long-term lease with purchase option.
Details available upon receipt of signed NDA.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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