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Retail Liquor Store & Party Shop
Location Oklahoma,United States
Asking Price Range $250K - $500K
Gross Revenues $695000
Net Profit / Cash Flow $35000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1959
Number of Employees 6 - 9
Inventory 155000
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Training The owner has agreed to remain for a reasonable transition period of up to 6 months, although the exact time is negotiable. The current employees will most likely stay on after the sale.
Reason for Sale Retirement.
Description With this purchase you will be receiving a 2-for-1 deal! This company operates two coinciding stores in one building offering complementary products and services. The liquor store, where the business receives its primary income, is a retail wine & spirits shop. On this side customers get their party refreshments, and on the other side their party decorations! The remainder of the building consists of a party store offering balloons, gift baskets, lottery tickets, cigars, glassware, beer, party decorations and more! They have a comprehensive online catalog where customers can choose from many different styles and prices.
This successful shop is located in a prosperous city in Oklahoma. In this particular area agriculture, oil and gas production are prominent industries. There is also a nationally known food processing company headquartered in the city. An Air Force training base is located on the outskirts of the city, this keeps the community growing, creating new patrons for this fine listing. The city lot where the business's building is located is large, allowing room for expansion. There is also a great potential for growth for the company, which could be easily attained by a new owner utilizing the development plans the company has already written. The current owner is retiring, and is wishing to sell the business to someone looking for an investment like this.
The gross revenues are divided as follows: The majority of sales for the Wine and spirits shop comes from Spirits at 57%, and then followed by wine at 31% and Beer at 12%. The majority of sales for the party shop come from Cigars at 26% closely followed by Balloons 20% and 17% towards food. More beer is sold here for another 11.5% with some barware sales at 4%. The remainder 23% comes from misc sales.
Included in the sale is all inventory and equipment. There are two vehicles used in the business available for an additional cost. There is an up to date inventory list available upon request. $386,000
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