i s we ll OWNERS NARRATIVE Geor getown L iquors b een business o ver 20 y ears. I t k nown hroughout t t he tow n an d countrysid e. I n 2011 I d ecid

Transcription

1 JUST REDUCED ADDITIONALL Y to $ 22, !!!! M YRTLE B EACH C OMMERCIAL R EAL EST ATE G EORGETOWN L IQUORS A GENT: Gerrie F. W a tson, CCIM L ISTING T YPE: L iquor Store Business LOCATI ON: 1109 N. F raser S treet, G eorgetown, S C C ITY O R C OUNTY: Georgetown # O F UNI TS: 1 DESCRIPTI ON OF UN I TS: 1200 s q. ft. R etail/neighborhood S hopping C enter F F & E : S ee Attached List - P URCHASE P RI CE: $ p lus w holesale ventory o f a pprox. $ 40, TERMS: C ash, C onventional, O wner Financing o n case by c ase bas is. G ROSS O PERATING I NCOME: $ 261, $ 231, O PERATING EXPENS E S: Averag e a nnual ex p enses: R ent - $ 14,400.00; Credit Ca rd T ransaction F ees - $ 2,740.00; L iquor B ags - $ ; F rontier P hone & Inte rnet - $ 1,046.00; Electric - 1,870.00; A DT - $ ; Offic e/misc. - $ ; S tore I nsurance -$ 1, License F ee i s p aid every t wo years - $ 1, AD T L ease will exp ire in 1 1/ 2 years. L EASE: F irst 5 year lease expires on October 31, l ease "Tenant shall have the option to extend this for two (2) additional 5 year terms under the same terms and conditions of this lease. give 90 days prior notice of intent to exercise any options". (Re- p rinted from original lease). Z ONED: G eneral C ommercial M LS# : Tenant shall COMMENTS: L iquor Stor e B usiness f or S ale. Locate d t he e nd u nit o f Winy ah V illage S hopping C enter w hich traffic l ighted e nd e ntrance d irect a ccess t o t he S tore. T he end unit p rovides privacy f or custo mers easy g ood pede strian traff B usiness. The Owner ic. Sa le ha s a cludes Nam, few p rsonal a ccess wit h l oads o f available e L ease, G oodwill, a ll parkg. G ood tena nt m ix provid es F F& E o n p remises ertaini p ng to t he e i tems t he w hich may be purchased separately if the b uyer desires. F ive days traing w ill b e provided to t he Buy er by t he Owne r. Wh olesale liquor inventory i s n ot cluded p rice nd a w ill b e ventoried prio r to close o f s ale. wner case by c ase basis. P rice r educed f rom $ 75, t o $ 22, O wner O w ill c onsider f inancing o n a leaving area - m ust sell! S HOWING I NSTRUCTION: A ppointment n ecessary. S tore i s ope n 9 :00 A M t o 7 :00 PM Monday t hrough S aturday. C losed o n S unday. Marketed by Gerrie F. W a tson, CCIM, GR I

2 i s we ll OWNERS NARRATIVE Geor getown L iquors b een business o ver 20 y ears. I t k nown hroughout t t he tow n an d countrysid e. I n 2011 I d ecided t o g o t o m y o ld job I did befo re bu hanged c o wners a fe w t imes ying Georgetow n Liquo rs T he l ost s ales b ecause o f t he econom y and becaus e o f absent ee ownership. T he n eeds a h ands o n o wner/operator t o b e really successf ul. T he many fr iendly r eliable r epeat custom ers wi ll r ebound signifi cantly hands-o n own ership /or m otivated employees. L ottery s ales w ould a lso increas e profitabili ty.

3 Georgetown Liquors F F&E J anuary 20, 2012 F ollowing convey s s ale: S tore i s 20 x 60 a dditional 19x8 s torage room lo cked outsid e o f. A ll s helving S mall b uilt nd d esk a t W ine r acks o n flo or a a dditional u nits s torage room. f ront o f ehind b s ale count e r. W ine r acks f ull shelvg u nits s torage sh ed S helving oom S tereo syste m speake rs 2 l it r of f or extr a stora g e, l arge r ed d ots and mo nitor t o ceiling 2 f ull coverag e m anual r oll d own d oors 2 n eon o pen si g ns, o ne e ach s et of 1 f ull s ize 2 d rawer legal filing cabine t F ull s ize 6 d rawer o ffice d esk C redit c ard t erminal. 2 p rice guns with tape for win es T elevision r oom. 3 C hairs in r oom. 1 P rinter back room. r etail are a. automatically tur n o n & off r ed d ots w indows fron t and sid e K itchen a ppliances, 2 p iece ba throom m irror h ot w ater heate r 2 f t s tepladder, 5 f t s tepladder Rubber M aid s tep sto ol 2 t elephones 2 c alculators V acuum cleaner S teel dolly t o m ove case s M etal t ray dolly P roduct m irror hanging pi ctures P roduct floor display s M ulti p urpose r oll o f g ift w rap dispense r g ift bag s B ack w all o f r etail a rea c an h e m oved h ack f or g reater r etail a rea q uite e asily b ut d oes require ha mmer and nails

4 W INYAH VILLAGE SHOPPIN G C ENTER G EORGETOWN LIQ UORS L IGHTED INTERSECTIO N P. O. B ox 1234, My rtle B each, S C P hone: Fax: e mail: fo@gerriewatsonccim.com w ebsite: com

5 1. Pricing of the Store In Horry s ales. FF B uying a Liquor Store Business in SC A n Easy Entry Business B y Gerrie F. to Learn and Operate Watson, CCIM and Georgetown counties, the average liquor store sells for 3 to 5 times the average monthly gross I have seen some go higher in special cases when the buyer wanted a particular store. This price is for the & E, or Furniture, fixtures, equipment, and goodwill, name of business (if included), s ignage, and leasehold terest o n top of 2. of the store. Wholesale liquor and wine inventory is normally counted and priced at wholesale prices the base sales price at time of closing. You can own up the 3 stores in SC You will not become an stant millionaire by owning one liquor store, but in the state of SC you can own up to 3 liquor stores. More stores make volume buying easier at lower prices thus increasing the margins. Liquor prices are not controlled by the State of SC, each store owner prices his own inventory. But it is important not to price your inventory so high that you lose customers. The most attractive thing about buying a liquor store is that 3. sales are normally steady. Pricing inventory T he Size of C onsumers drink if they are happy or sad. Regardless! the bottle normally determines the markup. Small bottles suc pints and half pints can be marketed with 40+% markups. Many wines sell for 40 + markup. With half gallons I have seen markups as low as a 22%. But a safe way to figure the net profits after paying for inventory is to use around a % overall markup for the store as an average. Out of the average markup you must pay your expenses suc rent, 4. M ost utilities, insurance, etc., that is why POS systems bottles a bsence. 5. s maller s are owner operated. store benefit from a POS, Point of Sale system that will inventory your liquor. out. POS s ystems Tourist and Local clientele Simple math, bottles in, are particularly helpful if you plan to hire part time employees to run the store in your I n areas where there are a lot of tourist buyers, the markup seems to be much higher. that b etter In a perfect world, the you are considering buying would have both tourist buyers and local clientele. Also as a general rule is to buy a liquor store in a grocery store anchored center. p urchase their alcoholic beverages after shopping for the dinner menu. Consumers seem to like one stop shopping and

6 6. Training M ost p roperly 7. store owners that are selling offer training after the sale for you the buyer to learn the inventory and buy for the best return on your investment. Obtaining a License T he learning curve is fairly simple. In the State of SC, liquor license are not transferable. If you are buying an existing store, ( which you should) y ou can a t your the day of closing, take the current license of the seller and get a temporary license for the store in name or in your b usinesses e ntity s name. h ave to close at any point and wait o n the license to transfer. unless n ot 8. you have a F ELONY The temporary license is a good thing so the store does not Basically all individuals can qualify for a license conviction. All license laws are on the website site for SC Dept. of Revenue. have to be a resident of the state to own a liquor store Lottery SC. You do There will be a background check by SLED. Lottery sale can be added if desired. The store owner keeps 7 cents of every dollar that is collected. Should the sell the winning ticket, the prize to the store is $50, What you can sell and what you can t sell In a liquor store you can only sell liquor and wines. You cannot sell wine openers, wine gadgets, wine glasses e tc. If a manufacturer makes a package of liquor and glasses for example you can sell these gift sets as long as t he manufacturer 10. Hours of operation made the package. All Liquor stores have the same hours available. You can t open before 9:00 Am or stay open after 7 PM each e vening, i s up to you. Monday through Saturday. Sunday all stores are closed. You can have shorter hours if you desire, that P lease feel free to call me should you have further questions. Hope this help!

7 G EORGETOWN LIQUORS M onthly Sales 2012 J anuary $ 17, F ebruary $ 20, M arch $ 20, A pril $ 18, M ay $ 19, J une $ 19, J uly $ 18, A ugust $ 18, S eptember $ 16, O ctober $ 17, N ovember $ 19, D ecember $ 25, Annual Sales $ 231,444.00