Liquor Store with Rental Income!

Southgate, MI (Wayne County) - Asking $275,000

Liquor Store with Rental Income! Real Estate Available!
Southgate, MI (Wayne County)

Asking Price: $275,000
Cash Flow: $76,525
Gross Revenue: N/A
FF&E: $150,000
Inventory: $150,000*
Real Estate: $525,000
Established: 2007
*not included in asking price.

Business Description

South Gate Liquor Store

This store is located on a very busy street with plenty of parking. The owner has been there for 13 years and is ready to retire. The building is available for purchase for $525,000, or lease for $3,000 plus NNN. The square footage is 4800 sq/ft.

Lottery Commission 2019 $42,230.45
Current Rental Income for Deli Space is $1,100 per month
BitCoin Machine Rental Income is $400 per month

Detailed Information

Location: Southgate, MI
Inventory: Not included in asking price
Real Estate: Owned
Included in asking price
Building SF: 4,800
Employees: 1/FT-2/PT
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Free Standing Building - 4,800 square feet
Competition: Great visibility and traffic flow
Growth & Expansion: Owner can take over the deli and build the food business.
Money Business Services are not being offered to all customers.
Support & Training: Seller will train for 14 days with a minimum of 2 hours per day at not additional charge
Reason for Selling: Retirement

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