Absentee-Owned Liquor Store in Montgomery, AL!
Listing was updated at: 08/06/2019
Property Overview
Price/Rent PSF $ 1,650.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 08/07/2019
Search Demographic Data

Contact

Description

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 $29,000 + inventory! Buyer can break-even in less than a year! 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: $29,000 + Inventory! About $18,000 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 $50,000! Low-risk investment!

Location