| PROFILE: Upscale Wine And Liquor Store |
| Status: |
Available |
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| State: |
Colorado |
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| Location: |
Not Disclosed |
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| County: |
El Paso |
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| City: |
Colorado Springs |
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| Primary Category: |
Liquor Stores |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
122556 |
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| Seller Or Contact: |
David Finsterwald |
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| Primary Phone: |
800-530-2295 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
8/6/08 |
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| Date Ad Last Revised: |
9/3/08 |
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| Asking Price: |
$278,500 |
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| Down Payment: |
Call/Email |
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| Annual Revenue: |
$820,000 |
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| Annual Adjusted Net: |
$124,000 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Call |
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DESCRIPTION: 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 Kingsooper’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.
As Is The Case With All Liquors Stores, Location Is The Key! The Percentage Of Wine Drinkers Continues To Increase (Approximately 12.5% Over The Last 3 Years) And This Store Is Located In An Area With Upper Middle To Upper Income Households In The Colorado Springs Area. These Households Are Prime Candidates To Be Consumers Of Wines. The Owner Has Done All The Development To Put In This Store And It Is Now Ready For A New Owner To Take Over And Reap The Benefits As The Sales Continue To Grow. Starting A New Store In A New Center Can Take Upwards Of 12 To 18 Months. A New Buyer Can Bypass The Time And Expense Required To Start From Scratch And Walk Into This Store Where Sales Are Exceeding Projections. Owners Expect Sales To Exceed $900,000 In 2008.
This Business Has Been Pre-Approved For An SBA Loan For A Qualified Purchaser. |
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