Profitable Liquor Store for Sale

Undisclosed Address, Kentucky
Business Opportunity for Sale
Catylist Listing ID: 30773929
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $1,200,000
Name of Establishment: BlueBlood Liquor
Business Website Address: NA
Gross Revenue: $825,000 (Annual)
Cash Flow: $250,000 (Annual)
Sale Terms: COMES with building, 200k of inventory, flip house next door you can flip it, airbnb it out or sell it, comes with a lot to build on and more
Last Updated: 11/11/2021

Overview / Comments

Liquor store - Owner is retiring after running this liquor store for 23 years. He has never done any marketing at all. Takes one employee as it is a drive through window. Comes with the store, building, inventory amounting to 200K, a house next door which needs to be gutted and remodeled, a lot to build on, and all the deli and coffee equipment he bought in the past with the intentions to use the other window for a coffee deli shop. He is moving to Turkey is the only reason he is selling. Perfect to have 1-2 employees and still make well over 6 figures. Fix up the cute house next to it and airbnb it out. And open the other window for coffee and sandwiches. Because there has been no marketing done on it you can easily grow the 250K a year to 600K fast. When he used to work longer hours at the store it brought in 500-660 just for the liquor sales. Property is located downtown Lexington next to UK. It is on 7th street.

Additional Details

Industry Segment: Grocery and Supermarkets
Value of Inventory Included ($): $200,000
Value of Furniture, Fixtures, and Equipment ($): $125,000
Value of Real Estate Included ($): $600,000
Real Estate Lease Description: no lease owner occupied
Employee/Labor Description: 1-2 needed
Mgmt/Training Support Description: Owner will train up to 2 months
Growth/Expansion Opportunities: Owner paid 5000 for plans to build on the top of the liquor store apartments and we have those approved plans
Seller Financing Description: no

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,672 15,818
Median Age: 40.64 36.68
Households: 1,768 6,403

Contact

Photograph of Listing Agent

Jenny Gregory

EXP Realty LLC KCREA Member
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