For Sale
$749,999

2602 Imlay City Rd Lapeer, MI 48446

Profitable Liquor Store, Real Estate Included

Overview

Added:
Dec 11, 2024
Days on market:
133
This thriving Lapeer, MI liquor store presents a unique investment opportunity. Priced at $749,999, this turnkey business includes the real estate, a Specially Designated Distributor (SDD) license, and all fixtures. The 3,088 square foot building sits on a 0.48-acre lot, zoned C-1, and was built in 1984. The business boasts impressive financials, generating an average gross monthly revenue of $68,000. A small kitchen adds approximately $12,000 monthly from hot food sales, and lottery commissions in 2023 totaled $38,000. Spirit inventory orders in 2023 exceeded $110,000, according to Lara Licensee data. The store features a substantial 28-door walk-in cooler. With zero competition within a 2.5-mile radius, this location offers significant growth potential. The seller will also consider selling the business and SDD license separately, with a leaseback option for the real estate. This presents a rare chance to acquire a well-established, profitable business with substantial upside potential through strategic improvements such as expanding food service, adding delivery options, increasing inventory, and enhancing the vape and smoking accessory selection. The property's strong financials and prime location make it an exceptional investment.

Highlights

  • $749,999 asking price for a profitable, established liquor store.
  • 3,088 square foot retail building on a 0.48-acre lot in Lapeer, MI.
  • Includes business, Specially Designated Distributor (SDD) license, and real estate; seller open to separate sale/lease options.
  • Strong financial performance: $68,000 average monthly gross revenue, $12,000 monthly hot food sales, $38,000 in 2023 lottery commissions, and over $110,000 in spirits inventory ordered in 2023.
  • Features a 28-door walk-in cooler and small kitchen.
  • Excellent location with no liquor store competition within a 2.5-mile radius.

Property Details for 2602 Imlay City Rd

Property type
Retail properties, Retail space
Square Feet
3,088 SF
Year Built
1984
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Lapeer
County
Lapeer
State
Michigan
Latitude
43.0455857
Longitude
-83.2415255

FAQs

What type of property is this?
Retail property - Profitable Liquor Store, Real Estate Included
Where is the retail property located?
The property is located at 2602 Imlay City Rd Lapeer, MI.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: $749,999 asking price for a profitable, established liquor store.; 3,088 square foot retail building on a 0.48-acre lot in Lapeer, MI.; Includes business, Specially Designated Distributor (SDD) license, and real estate; seller open to separate sale/lease options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2602 Imlay City Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message