LOW Competition in Immediate Vicinity! — Denver, CO
Asking Price: $2,699,995
Gross Revenue: $7,722,807
This store has only known one pair of owners and has been a staple in the region for 14 years. Located along a major artery through Denver and Aurora and anchored by a grocery store right across the street, this store is turn-key ready with employees and systems in place to allow for even the most novice liquor store owner to be comfortable beginning on day 1.
This massive 14,800 sq ft liquor warehouse is located along a major thoroughfare that connects the two most populous cities in Colorado, Denver and Aurora. It is currently run largely absentee with the two owners visiting the store a couple of days a week, but largely leaving operations in the trusted hands of the managers. The owners have implemented a lot of systems that can be kept by any new buyer to make the business completely turn-key from day one.
In terms of recent improvements to the store, all of the computers have been updated to Windows 10 during the holidays and touch-and-go technology was implemented at all registers to speed checkout and improve turn in the store. The owners also integrated a 40-camera system throughout the store and the parking lot, greatly improving the security of the store.
While the store is currently being run incredibly well, there are certainly redundancies in costs as well as some inefficiencies in the system. One key piece is that the margins of this store are remarkably low, even for a store of this size. This is largely due to the lower amount of inventory that is purchased by the current owners. Instead of utilizing the large back room of the store to purchase large deals and improve their margins, they purchase largely on need and what is selling at what times of the year. By changing the purchasing habits of the managers, the margin of this store could be greatly improved. An experienced liquor store owner with a vision of how they want to utilize the space and significant revenue would do incredibly well with this store.
This store boasts an expansive parking lot with easy street access, including a stop light at one of the entrances, as well as a drive-thru. The current owner has recently upgraded the security system to 40 cameras, the POS to allow tap-and-pay at all registers, and all computers within the store to Windows 10. This store also has a phenomenal marketing strategy in place with grocery receipt coupons and a billboard that is currently being negotiated to drive traffic.
Although this store could be run entirely absentee with the systems the that the owners have developed and implemented, the owners opened this store 14 years ago and are ready to move on and retire from the industry.
- Established: 2006
- Real Estate Leased
- Building Sq. Ft.: 14,800
- Employees: 6 FT & 12 PT
- Financing: SBA Financing Available for Well-Qualified Buyer
- Support & Training: As needed for a smooth transition
- Reason for Selling: Retirement
For more information please contact:
7651 Shaffer Parkway Suite B2
Littleton, Colorado 80127
Telephone: (303) 638-4315
Email: [email protected]
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