BUSINESS: Several, well established liquor stores located in the Twin Cities of Minneapolis and St. Paul. The stores are strategically located in high traffic, very desirable locations. The first store was established 25+ years ago. The owner established each store. The stores are very well run and operate with state of the art equipment. While the owner is not on site daily, his responsibility is to over-see the entire operation.
FACILITIES: Several of the stores are located in free standing buildings, which are owned by the current owner, and one operates in leased space. The square footage of each store is several thousand square feet. All facilities are well-kept. The value of the land and buildings is estimated at $4.0 – $4.5 million.
EMPLOYEES: The entire business is organized extremely well and operates very efficiently. Each store has experienced and established management in place. The business employs about 78 people.
REVENUE: $13.2+ million and growing.
EARNINGS: Earnings in 2012 were about $1.3 million. (Earnings are defined as net income, depreciation, interest and amortization).
ASKING PRICE: The asking price is $10.6 million. Included in the price are the furniture, fixtures and equipment (value of approximately $700,000 – $900,000), land and buildings and inventory of $2,500,000 (at cost). Note – approximately $500,000 is needed for working capital.
REASON FOR SALE: Retire.
IMPORTANT NOTICE: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.