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Asking Price$595,000
Revenue$1,400,000 Established1962
Cash FlowUndisclosed Employees4 full, 2 part
FF&E$20,000* FranchiseNo
Inventory$55,000 RelocatableNo
Real Estate$280,000 Home-basedNo
* Included in Asking Price
This well established, profitable South Philly beer distributor has been in business serving South Philly residents since 1962. The current owner, who has owned the store since 1990, has decided to retire. The store is located near high volume shopping centers and on a high traffic count street. This store is a gem because it has steady traffic flow that produces 1.2 mil in lottery sales. It is a true home run for the conscious buyer who is looking for a compact store. It is considered to be one of the top volume stores per sq. ft. in the city considering it produces 1.4 mil in sales. A neighborhood store with a steady cash flow, strong traffic count and magnificent lottery sales makes this a great recession proof opportunity. The store's volume is also based on a very good mix of 75% retail and 25% wholesale. This mix makes it easy to purchase top deal level on all products. The owner is willing to provide financing for the right buyers and will also consider right of first option on the property after loan is paid.  A new, motivated owner running this business will flourish and realize its tremendous growth potential. Come and take a look. You won't be disappointed. All potential buyers must sign broker forms- no exceptions.
Facilities:1,700 sq. ft. mason and brick building, zoned commercial; gas heat; central air in office; public utilities; 3 phase electrical combined 110 & 220 volts; security gates; is fully equipped with multiple walk-in boxes; prides itself on having the coldest beer in town; "D" license; property taxes are only $3,000/yr.; liquor license value $85,000; ideal facility for a family venture.
Competition:This well established beer distributor has been serving the area since 1962.. The current owner, who has owned the store since 1990 has decided to retire. It is one of the leading stores in the area considering it's sales: 1.4 mil in beer sales and 1.2 mil in lottery sales.
Growth Potential:If managed properly, beer distributors are recession proof businesses. This business is established over 50 years and has a great, steady clientele. With some local advertising a motivated owner with a fresh approach and a positive frame of mind should be highly successful.
Training/Support:Owner will stay and train for 3-4 weeks and give a non-compete for 5 years and 3 mile radius.
Seller Financing:Seller is willing to give financing to qualified buyers with considerable down payment..
Sale Reason:Owner retiring
Ad #55350
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Advanced Business Associates
856-357-2090
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