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Asking Price$1,150,000
Revenue$1,100,000 Established1945
Cash Flow$22,000 Employees3 full, 3 part
FF&E$25,000* FranchiseNo
Inventory$60,000 RelocatableNo
Real Estate$700,000* Home-basedNo
* Included in Asking Price
Established, high volume ($1.1 mil) stand alone beer distributor located in Northern Philadelphia with very high traffic count; store volume is based on 90% retail & 10% wholesale, strong lottery sales and great steady cash flow. This 70 year old store also has an attached unfinished apartment that is perfect for the working family.The current owner is over 70 years old and wants us to find a qualified buyer. All potential buyers must sign broker forms and provide a buyer profile- no exceptions.
Facilities:2,000 sq. ft. (plus additional storage areas) stand alone building with attached unfinished apartment; "D" distributor license; store is open 7 days a week.
Competition:This store is time tested within the Philadelphia beer market. Nearest competitor is approximately .5 mile away and also does very well.
Growth Potential:This well established Northern Philadelphia beer distributor has been in business serving Phila. residents for over 70 years. The current owner, who has owned the store since 1980, has now decided to retire. The store is located on one of Philadelphia's busiest thorofares. It has ample, well lit parking, high traffic count, major anchors in close proximity that draw in consumers that creates a steady, daily cash flow. The store's volume is based on 90% retail & 10% wholesale trade. Lottery numbers are stable with room to grow. A new, motivated owner or family will be successful.
Training/Support:Training and Support: 3-4 weeks and non-compete 5 years and 10 mile radius
Seller Financing:Not available.
Sale Reason:Retirement.
Ad #77499
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Advanced Business Associates
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