UNDER AGREEMENT - HUGE LIQUOR STORE w/ REAL ESTATE
Location: Rhode Island > Providence County > Providence area
Industry: Food and Beverage > Liquor Stores
Financials
Asking Price: $3,700,000
Gross Revenue: $1,760,400
Gross Revenue Comments: $1,500,000 from Liquor Store $260,400 from rents $25,000 Lottery Commission
Inventory: $200,000 (Not Included in Asking Price)
Real Estate: $2,900,000 (Included in Asking Price)
Seller Financing: YES - there is a $2,200,000 assumable loan, seller will finance 50% of the balance of $700,000 or $350,000 on property. $800,000 for the Liquor store, seller will finance 50% of the purchase price or $400,000. Seller will finance a competitives rate. Call Now
Business Summary
One year old Strip Plaza / Investment Property wit SIX fully occupied tenants. Parking for 80 cars, great access, location is in RI convenently located minutes off of Rt 295. Area assorted with mixed businesses and huge traffic counts. First floor is a spacious 9600 Sq. ft as well as secnod floor 9600 Sq. ft with a combineed income of $21,700 in rents per month. Quality Concrete, Steel and Block construction. Price for building at $2.9 million and for the Liquor Store is grossing $1.5 million and is offered at $800,000 Plus Inventory. This Is Sold As A Package Deal ! Call Now
About the Business
Year Established: 1
Employees: 3 part time
Facilities: Property is 2+ acres, 19,200 sq. ft of retail / office space, Full HVAC system, parking for 80 cars, easy access in / out, close to major route and built with quality materials and landscaped. This is not only a quality building, it has a highly profitable liquor store. All New, fully computerized with state of art POS system, new 16 door walk in cooler, well lite and layed out for the huge selection of liquor / beer / wine. Call Now
Market Outlook and Competition: This is a young business / investment property. Building pays for itself and makes money. Liquor store is doing a high volume to add to your bottom line, run your self or lease to make added value. This is a wonderful vehical to place your cash. Call Now
About the Sale
Management Training and Support: Yes, Training on the overall building as well as 2 weeks of post close Liquor store training.
Reason For Selling: Looking to move to new opportunity
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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