Retail - Liquor Stores

Asking Price	$300,000	Inventory	$60,000**
Gross Income	$691,144	Real Estate	$450,000**
Cash Flow	$80,000	Year Established	1957
FF&E	$75,000 approx*	Employees	2 p/t

* included in the asking price

** not included in the asking price

The current owner has done little to improve business over the last few years. A new owner would be great for business. The gross profit margin in 2006 was 28%, which is 5% higher than most liquor stores. Cashflow of $80,000 is based on the 2007 income and assuming an owner operater works store with $26,000 of part time help and after $3,000 per month rent is paid to owner but before any debt service is paid on business. Seller has reduced price of business by $50,000 to $300,000 plus inventory.

Facilities: Building is 2,124 square feet with 2124 square foot basement. taxes are $9,678 payable 2008. assessed value of $370,000

Competition: This store is located within walking distance of three on-sale bars, which attarks a lot of customers to this business. This business also provides delivery to many of its customers. the gross profit margin was 28% for the year 2006, which nis about 5% higher than most liquor stores.

Growth/Expansion: The current owner has owned this business for the last 20 years.

Financing: cash out

Support/Training: Seller will train

Reason Selling: retirement