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New***Liquor Store With Income Producing Strip Mall

Grand Rapids, Michigan (Kent County)

Retail - Liquor Stores | Retail - Convenience Stores

Asking Price $1,500,000 Inventory $160,000** 
Gross Income Not Disclosed Real Estate  
Cash Flow Not Disclosed Year Established 2007
FF&E $150,000* Employees 5

* included in the asking price

** not included in the asking price

Liquor Store with Beer/Wine/Lotto. Top of the Line Equipment from coolers to counters to custom built wine shelving. Located in a nice suburb of Grand Rapids,MI (The second largest city in Michigan)20,000 cars pass by daily. Store is approximately 3800 sq ft. Grossing $25,000 per week not including lottery. The property is 38,000 sq ft. The building(strip mall) is 10,185 sq ft. All units currently leased except for 1100 sq ft unit. Good long term leases with one major name tenant. Income from leases is $4000.00 per month. Building has brand new tpo roof and brand new awning.

Facilities: Property is in very good condition with over 30 parking spaces. Two leases were just renewed for 3 years. Other lease will re-new in February for 3 years.

Competition: Competition about 3 miles away. Competitor is less than 1/2 the size of this store with less than 1/2 of this store's offering.

Growth/Expansion: Could add beer, wine, liquor catering. Could add a deli or food offering. Gift baskets. Many growth ideas.

Financing: Possible Bank Financing

Support/Training: As needed

Reason Selling: Selling all businesses

AD # 395783

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