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Absentee-Owned Liquor Store in Montgomery, AL

Listing was updated on: 09/23/2019
Absentee-Owned Liquor Store in Montgomery, AL

Property Overview

Price/Rent PSF $ 1,560.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 09/24/2019
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Description

Seller has reduced the price to $19,000 + inventory! About $15,000 in inventory but can handle up to $40,000 in stock. Landlord security deposit is $1,400. Total required capital from buyer is only about $35,000! Low-risk investment! Seller is willing to do short-term inventory financing for the right buyer! If inventory is financed, Buyer only needs to bring $20,000 to the table! Absentee owned store! Perfect for Owner-Operator! Seller never visits the store because he has other businesses that he is managing. Sales are currently $22,000 per month. Owner-operator can improve sales by increasing inventory and marketing the store better! Business evaluation reflects Owner-Operator income without payroll! Asking Price is only $19,000 + inventory! Total capital required is only $35,000 without financing the inventory! Buyer only needs to bring $20,000 to the table if he is financing the inventory! In the Montgomery, AL Area! Walking distance to residential homes, churches, restaurants, grocery stores. Near Alabama State University and the airforce base. Waffle House will be opening in the same shopping center in 2020! Easy access to the interstate! Located on a very busy road that is a gateway to lake tourism! 24-hour laundromat next door. Constant foot traffic! Brand new fridges and LED lights keep the energy costs low! Alcohol sales are legally permitted 24 hours, 7 days a week! Neighboring County does not permit Sunday liquor sales! Store is only open for 12 hours a day, 7 days a week. No specific government liquor taxes! Low, low rent at just $1,650 total monthly! Lease ends in 2021 and will automatically renew every 3 years! Rent stays the same until 2021! Subject to landlord approval, Rent will increase to $1,725 afterwards! Asking Price has been lowered to $19,000 + Inventory! About $15,000 in inventory but can handle up to $40,000 in stock. Landlord security deposit is $1,400. Total required capital from buyer is only about $35,000! Low-risk investment! Seller is willing to do short-term inventory financing for the right buyer! If inventory is financed, Buyer only needs to bring $20,000 to the table!

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