High Volume Liquor Store Business-only in Peoria, IL between Chicago and Springfield!
High Volume Liquor Store Business-only in Peoria, IL between Chicago and Springfield!
Price: $449,000
Industry: Convenience Stores, Liquor Stores
Listing ID: PEORIAILLIQUORSTORE449K
Sales are an average of over $120,000 per month!
High Margin Store! Liquor margins are at 29%! Beer margins are 23%! Merchandise and Tobacco (not cigarettes) margins are more than 50%!
ATM and Bitcoin Machine combined commission is nearly $1,000 per month!
Net profit is over $230,000 per year AFTER paying $84,000 in Payroll, as well as rent and all other expenses!
Rent is $6,000 TOTAL per month with a 15-year lease available! Buyer only needs to pay for maintenance in the space and pays NO property tax and NO property insurance!
Spaces includes a Taste Testing Room!
Seller is opening a new game room in the same strip mall which will bring substantially more traffic to the business!
The strip mall will also open a new restaurant, bar, and grill shortly. Sales for the Liquor Store are expected to increase with the new activity!
2h 30 min from Chicago! 1 hour 15 minutes from Springfield, IL! 2 hours 30 minutes from St. Louis, MO!
5 miles from universities like ICC Student Center, The University Of Illinois College Of Medicine with over 265 students and more than 300 physician residents, Illinois Central College - East Peoria Campus with over 4,800 students, and Bradley University with over 4,000 students.
Surrounded by apartment complexes like Grandview Apartment Homes, Forest Park Apartments, Timberbrook Apartments, Carriage Hill Apartments, Brandywine Crossing, and EMR Apartments.
4 miles from a high-rise, mixed-use development that will include 140 hotel rooms, 50 apartments, a swimming pool, meeting rooms, a fitness center, and restaurant and bar, and a $38 million development with 176 residential units.
6 miles from a $60 million project for a 226-unit apartment complex and luxury apartment condominiums!
Average traffic count of 10,029 vehicles passing by the store each day!
Asking Price for Business-only: $449,000 plus inventory! Inventory is guesstimated at $300,000 at cost.
Seller is willing to sell the property and liquor store for $2.5M plus inventory! Rental income from the property outside of the liquor store is $120,000 per year. Total income including the liquor store profit is $420,000!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $1,460,400
Cash flow: $230,700
Monthly Rent: 6000