Liquor Store in College Town - price reduced May 2024

Listing Number: 11421-398522

Description

Liquor and Wine Store has been in operation for over 30 years. Owners are retiring and would like to pass the baton. $25K does not include inventory of approximately $65K. Sales for past three years:

2020: $372K
2021: $292K
2022: $233K

The sellers have greatly reduced hours over the past few years and do not market the business online or via classic advertising. The upside is immense.

Real Estate Data - RE to be sold on a separate agreement:

-1728 SF (Plus full basement clean and dry)
-.17 Acre corner lot with great visibility. 5 min off Interstate 81
- All building systems and roof in very good condition
- Building includes an efficiency apartment
- Located on one of Cortland's main roads with average daily traffic of over 12,000 cars per day.
- Paved parking area for 10 cars
- Level lot would allow for easy expansion
- Central AC and public utilities

Listing Details

• Price: $25,000
• Down Payment: $25,000
• Sellers Discretionary Earnings: $45,000
• Total Sales: $300,000
• Location: Cortland County, New York


• Inventory: $50,000
• FF&E: $2,000
• Employees: 2
• Reason for Selling: Retiring
• Category: Liquor Related Biz