Exceptional Investment Opportunity: Liquor Store for Sale with Property in Palmer Rapids
Prime Real Estate: A Freestanding Building Offering More than Just a Store
Are you on the lookout for a multifaceted investment opportunity in Palmer Rapids? Well, your search may very well be over. Not only does this property house a thriving liquor store, but it also offers a convenience store on the ground floor. Additionally, the building features two apartments on the second floor, making it a versatile investment.
A Family-Friendly Venture: Live and Work in One Location
What sets this property apart is its excellent potential for a family-run business. With a four-bedroom apartment complete with a large, covered balcony, as well as a one-bedroom apartment, the living options are both convenient and comfortable. Moreover, these apartments boast a total of four bathrooms, ensuring sufficient space for a family to live and work in the same place.
No Direct Competition: An Unbeatable Market Position
Adding to the appeal, this business faces no direct competition in the vicinity. Consequently, your chance of establishing a dominant market presence is significantly enhanced.
Spacious and Versatile: Extensive Square Footage for Various Needs
When it comes to space, this building doesn’t disappoint. Between both floors, you can expect a total of 6,000 to 7,000 square feet. Additionally, there’s a basement available, specifically designed for extra storage needs.
Practical Features: Facilitating Business Operations
In terms of logistics, unloading for liquor and beer deliveries is a breeze. Therefore, you can anticipate smoother business operations overall.
Financial Overview: Robust Sales and Profit Margins
Impressively, the 2020 gross sales for this establishment were $1.55 million, and the forecast for 2021 is an even more promising $1.65 million. The sales split is 55/45, providing a well-balanced revenue stream. Furthermore, the liquor store aspect of the business has a fixable margin, indicating room for additional profitability.
Resilience Against Market Fluctuations: Steady Sales Despite the Pandemic
Remarkably, the business has proven its stability by maintaining steady sales throughout the Covid-19 lockdown. In fact, both the liquor and convenience store aspects have been experiencing year-over-year growth.
Summary: A One-of-a-Kind Opportunity Awaits
In summary, this freestanding building in Palmer Rapids presents an unmatched opportunity for both business and personal living. With ample space, diverse revenue streams, and resilient sales figures, this is an investment you won’t want to pass up. For more detailed information on the area, property, and financing arrangements, please contact Nav Sidhu.