We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co

Buying an established liquor store or open one from scratch ?

airf0rceairf0rce subscriber Posts: 1
edited June 2015 in Selecting a Business
I'm about to buy an established liquor store but i also found a good location place for rent that can be transformed into a liquor store, both areas are pretty good with good traffic and visibility. So i have 2 options, either start from scratch or buy the established store. The rental for the place to rent (2000sf) is 5500$ per months and needs all refrigerators / utilities and some rehab inside. Second, the established liquor store(3000sf) was in business for about 16 years, rent is 4500$ per month, gross is discretionary about 620k/year, it is located right on express exit in a populated residential area with many rentals around, owner sells the business for 350k + inventory and it also has a pizza, tobacco licence, alchool licence.
What do you guys think is better choice ?


Sign In or Register to comment.