Liquor Store with Real Estate in Detroit
Detroit, MI
| Asking Price: | $2,199,999 |
| Inventory: | $200,000 |
| Real Estate: | $600,000 |
| Gross Revenue: | $2,438,524 |
| FF&E: | $100,000 |
| Established Year: | 1964 |
Listing ID: 2316847Listing provided by BizBuySell
BUSINESS DESCRIPTION
Room to Expand
This Detroit liquor store was established in 1964 and has been under current ownership since May 2009. The 4,200-square-foot standalone building is on a busy road with easy in-and-out access and ample parking. Their 2023 sales were $2,438,524 (2023 Tax Returns) and lottery commission was $51,271. They offer check cashing, ATM services, and DoorDash.
The store has a newer HVAC system, and the compressors are new. The store offers a great variety of grocery items, which could be expanded to include frozen and hot foods.
The current hours are Monday through Thursday, 10am-1am; Friday and Saturday, 10am-2am; and Sunday, 11am-1am .
DETAILED INFORMATION
Location
Detroit, MI
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,200
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 4,200-square-foot freestanding building is on a busy road. It has a shared parking lot and additional parking on the street side and behind the building.
Competition
The nearest competition is about one mile away, and the area is already built-out.
Growth & Expansion
A new owner could expand the store and add a walk-in cooler, frozen foods, and hot food options.
Financing
Cash or Bank Financing
Support & Training
The seller is willing to train a new owner.
Reason for Selling
Other business interests
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