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Liquor store with excellent income

detroit, Michigan (Wayne County)

Retail - Liquor Stores | Retail - Convenience Stores

Asking Price $725,000 Inventory $120,000** 
Gross Income $940,000 Real Estate $400,000* 
Cash Flow $180,000 Year Established 2000
FF&E $100,000* Employees 3

* included in the asking price

** not included in the asking price

With today economy this store is increasing every year with their sales. In addition to the $19,000 average weekly sales, lottery does $8000 a week additional and check cashing profiting $4000 a month. This is a liquor store located in the city of Detroit with regular client le and great revenue. Seller will reduce the price to $675,000 if seller does not have to do a land contract.

Facilities: Size of the building is aprox. 5800 sq. ft. with excellent parking and free stand alone.

Competition: Store is established with regular clientelle

Financing: up to 25% financing

Reason Selling: government job forces sale

AD # 351472

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