BUSINESS FOR SALE R-2629

MULTIPLE LOCATION LIQUOR & FINE WINE STORES

Available for purchase is a well-established and profitable multiple-location Greater Cincinnati Liquor Store.

INVESTMENT HIGHLIGHTS

• Long established business in its industry/marketplace
• Considerable opportunity to increase sales; the current owner has not recently made the effort to attract new
customers, instead has focused on marketing to current customers
• Top selection and best prices in the area
• Convenient and well-maintained locations
• Tenured and engaged staff; top rate customer service
• Over 35,000 customer database
• For the right buyer $5,000,000 of bank financing is available with a 20% cash ($1,250,000) downpayment

REASON FOR SALE: Retirement

PURCHASE PRICE:
The purchase price is $2,750,000 for the business, plus the value at closing (at cost) of inventory (approximately $3,250,000).

FINANCIAL SUMMARY:

P&L SUMMARY:11 mo.s 2019201820172016
Total Revenue    25,723,332    30,150,935      29,684,044       30,172,971
Gross Profit     4,209,075     5,067,938       5,038,296         4,828,295
ACF     1,247,890     1,194,817       1,579,317         1,402,949
ACF: Net Income / Cash Flow of the business before owner salary, perks, interest & depreciation.
ASSETS INCLUDED IN PURCHASE:
Furniture, Fixtures, Equipment, Leasehold at original cost Over $1 million
Inventory at cost is additional at Closing, approximately       3,250,000

 

 

DETAILED OFFERING MEMORANDUM IS AVAILABLE
For Further Information Contact:
KEATE PARTNERS, LTD.
1095 Nimitzview Dr. Suite 201
Cincinnati, OH 45230
(513) 241-3700 Fax (513) 672-9386
www.keatepartners.com
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