Business For Sale Listing 136854
Upscale Wine and Liquor Store
Status as of Dec-1-2008 at 06:03 PM: Off The Market
Business Summary
This recently opened upscale wine and liquor store is located in one of the highest household income centers in Colorado Springs, Colorado. The average median income is just under $100,000 within a 5 mile radius and the store caters to those customers frequenting the King Sooper’s anchored “Lifestyle Center”. The store is just less than 3,000 square feet and features attractively designed wine racks, contemporary furnishings and all new equipment including the walk-in cooler, lighting and point of sale system. The concept of the store is to provide a relaxed and inviting environment where customers enjoy shopping. The owners have established this client base and often times customers spend hours just browsing the selection of wines and educating themselves on the descriptions and ratings highlighted next to each product. In addition to wine they also sell a limited selection of choice liquors, microbrew beers, and accessories.
This business has been open less than a year but was in development for approximately 8 months prior to the opening. The owner had to petition the developer (he and 5 others were competing) and receive approval for their concept in order to secure the location. This business has been pre-approved for an SBA loan for a qualified purchaser. Owners expect sales to exceed $900,000 in 2008.
Categories
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Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($820,000) |
| Profits: |
Under $100 Thousand ($124,000) |
| Profit Type: |
Cash Flow |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($278,500) |
