For Sale
$799,999

0 Wayne County Suburb Liquor StoreDetroit, MI 48202

Profitable Retail Business, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This well-established Detroit liquor store, operating for over 30 years, presents a unique investment opportunity. The 6,000 square-foot building sits on a 0.25-acre lot in a high-traffic area with ample parking. Currently under the same ownership for four years, the business boasts a strong foundation but requires an owner-operator to reach its full potential. The sale includes both the real estate and the liquor license, offering significant value. An additional unit on the property provides options for expansion or leasing, generating further income streams. Adding hot food service is projected to significantly boost sales. The asking price is $799,999, with financing available: $300,000 down payment, amortized over 10 years at 8% interest, including a balloon payment due in 5 years. The seller is offering training to ensure a smooth transition for the new owner. This is an exceptional chance to acquire a turnkey business with substantial growth opportunities in a desirable Detroit location. The current owner is selling due to unforeseen family health issues. Normal competition exists in the area.

Highlights

  • 6,000 SF building on a 0.25-acre lot in a high-traffic area with ample parking; includes an additional unit for expansion or leasing.
  • Normal market competition.
  • Significant growth potential; owner-operator needed to maximize profitability; adding hot food service projected to increase sales.
  • $799,999 asking price; $300,000 down payment, 10-year amortization at 8% interest, with a balloon payment due in 5 years.
  • Seller providing training to the new owner.
  • Sale due to unforeseen family health issues.

Property Details for 0 Wayne County Suburb Liquor Store

Property type
Retail properties, Bars
Square Feet
6,000 SF
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3664506
Longitude
-83.0737195
Wayne County Suburb Liquor Store, Detroit, Michigan

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0 Wayne County Suburb Liquor Store
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