Knoxville Liquor Store

Undisclosed Address, Tennessee
Business Opportunity for Sale
Catylist Listing ID: 30316323
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $599,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 12/10/2018

Overview / Comments

Business including all fixtures, equipment, inventory, goodwill, trademarks, trade names. A buyer of the business must either buy or lease the real estate.
The real estate may only be offered for sale in conjunction with the business.
Even with wine in grocery stores, this business has done over $1.7 million in sales the last two years and on track this year. 2014 sales: $1.35 million, 2015 sales: $1.53 million, consistently upward trend and with more inventory can outperform historical results. Annual net profits ca. $200,000.
Inventory is not included in purchase price above and must be purchased also. Typically valued at $400,000 - $425,000/

Additional Details

Industry Segment: Liquor Stores
Reason for Selling: Moving to other investment opportunities.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $40,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Can be negotiated.
Growth/Expansion Opportunities: Increasing inventory should improve sales.
Seller Financing Description: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,238 4,952
Median Age: 40.69 37.61
Households: 831 1,777
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.