$1,225,000

Absentee-Owned High Volume Liquor Store Business-only with Wholesale in Jackson, MS! Yearly Net Profit $515k!

Liquor Store Business in Jackson, MS!

Total Net Sales for 2023 including wholesale and retail were $3,819,460.

Net profit is $515,000 AFTER paying $68,640 in Payroll and all other expenses!

Huge opportunity for an Owner-Operator to take home nearly $600,000 Per Year!

Business is closed on Sundays!

More than 250 Google Reviews with an average 4.7 stars rating!

First quarter 2024 sales are up by 3.3%!

Average margin for net sales is 20% for both the wholesale and retail businesses.

Rent is only $8,830 per month! Lease has 19 years remaining!

SBA financing available for the right credit score and down payment!

Store has been in business for 20 years!

The current manager and his wife want to relocate to another city and open their own restaurant. The two partners that own the current business live out of town and cannot run this business. Therefore, they are looking to sell the business.

Located in Jackson, MS with a population of almost 600,000! 1 hour 20 minutes from Winona, MS! 1 hour 30 minutes from Meridian, MS! 1 hour 45 minutes from Hattiesburg, MS! 2 hours 45 minutes from Baton Rouge, LA!

4 miles from universities like Millsaps College with over 630 students, Belhaven University with over 1,600 students, and Jackson Virginia College!

Located in a nice area of town near a Whole Foods and upscale dining!

Near to restaurants like Thai Time Thai and Sushi Restaurant, Santa Fe Grill & Bar, Spice Avenue, Starbucks, Char fine dining restaurant, Aplos Simple Mediterranean, BRAVO! Italian Restaurant & Bar, and Newk’s Eatery.

Close proximity to apartment complexes like The District Lofts, Highland Hills Apartments, The Advantages, The Park at Newhaven, Briarwood Park Apartments, The Pointe at Highland, The Crossings At Ridgewood Apartments, and Northpointe Village Apartments.

Near a new development project that will build an additional 200 new homes, plus a grocery store and hotel. Another midtown community development is being planned for 13 single-family homes, six townhomes, and two four-plex units.

Close proximity to Senior Housing development which will have 76 one- and two-bedroom apartments.

Extremely high traffic count of 97,738 off of Interstate-55 and a traffic count of 10,543 vehicles passing by the store each day!

Asking Price for Business-only: $1,225,000 plus inventory! Bank financing available with $450,000 down payment!

This does NOT include the real estate and inventory. Inventory is paid separately from the purchase price and counted on the Closing Date. Seller has roughly $900,000 in Inventory at cost in the store.

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

Details

Price : $1,225,000
Property Type : Business-only
Purpose : Rent
Status : Available
Address : Jackson, MS
State : MS
City : Jackson

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