Business Listing

Turn-Key Liquor Store in Romulus, Michigan

This store has been completely remodeled and is turn-key for a new owner/operator. It is located in Romulus, Michigan. After 30 years of operating the business, the owner is ready to move on to other interests. The building is freestanding and in a prime location with 18 parking spaces. They have a good variety of liquor, beer, and wine and also serve PIZZA and BROASTED CHICKEN. Sales for hot foods are approximately 25% of the store's total sales. This business and property have been PRE-APPROVED for SBA Financing for qualified buyers.

A new POS system, AC unit, and coolers are just a few of the items updated during the renovation. A new owner can grow the business by increasing the hours and opening on Sundays and holidays. The current hours of operation are Monday through Friday, 8:30 am-10 pm, and Saturday, 10 am-10 pm. They are closed for over 62 days a year.

The following services are included:
Check cashing ($4k-$5k monthly commission)
EBT
Lottery ($35k for 2023)
Money Orders

Cash Flow is $180,707 (2023 tax returns, rent is included)
Industry
Retail Stores
Segment
Liquor Store
Asking Price
$1,090,000.00
Ref ID
2246659
Established
0
# of Employees
3
Full Time Employees
0
Part Time Employees
0
Gross Revenue
$850,067.00
Cash Flow Type
Cash Flow
$0.00
Other Value
$0.00
FF&E
$0.00
AP/AR
$0.00
Real Estate in Asking
Yes
Inventory in Asking
No
Inventory
$175,000 - Inventory is not included in asking price.
Equipment
Real Estate
Included in asking price
Facilities
This freestanding, 2,800-square-foot building is located on a busy street with 18 parking spaces. It is conveniently located within minutes of the airport.
Broker/Seller

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