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.
• 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
The purchase price is $2,750,000 for the business, plus the value at closing (at cost) of inventory (approximately $3,250,000).
|P&L SUMMARY:||11 mo.s 2019||2018||2017||2016|
|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
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