Off-Sale Liquor with 3 BR Apartment
Report Date: 7/31/07 BizBuySell Add #: 320539
Location:  Near Duluth, Minnesota
Primary Category: Retail - Liquor Stores with Real Estate
 

Financial Information
Asking: $ 375,000 Gross: $ 650,000 Cash Flow: $ 90,000
Furniture, Fixtures & Equipment: $ 80,000
Inventory: $  60,000 (not included in price)
Real Estate: $ 225,000
Financing: New financing, seller will carry paper on the inventory
 
Summary Description:
Off Sale Liquor store is located just a few blocks from the charming country club golf course and only 20 minutes from Duluth and is very successful. 3 BR apt adds $750/mo in revenue. Excellent Cash flow numbers. Pop machines outside average $500/mo income. Perfect location for a sportsman or family who'd like to live in the North country, excellent fishing and hunting.
 
General Information:
Facilities: 3,600 sq ft off sale/1,600 sq ft apartment
Competition: Business continues to increase their revenue every year. When statewide smoking ban starts in October, the off sale liquor sales are just going to get better. Smokers will buy their liquor and go home to drink it. This is the trend in other states that have gone non-smoking.
Growth & Expansion: Owner has recently added a wine section with a wine sampling table, this has increased wine sales by featuring "specials of the day". Tobacco sales are very significant and profitable. They are considering a cigar shop with a humidor in next to the wine. Should be a big hit with golfers. Minnesota Lottery/power ball - available for extra income.
Support / Training:  30 days for new owner.
Reason Selling: Family Reasons
Year Established: 1970
Employees: 1FT/3PT
 
Contact information:
Contact: Steve Swenson Phone: 763.972.9077
Email: hospitalityserv@frontiernet.net  
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