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Retail Wholesale Beer Company
Location: United States -> Pennsylvania -> Northampton
Industry: Food and Beverage > Liquor Stores




Business Summary

Highly successful Retail / Wholesale Beer company which includes the real estate. In January of 2017 the state passed a law that allows this business to sell 6-pks, singles and growlers. Additionally, the state of Pennsylvania is now discussing offering a retail liquor license to existing wholesale beer distributors to sell a full range of liquor products and to eliminate the state-controlled liquor businesses.

The property includes three commercial rentals with an additional $18,000 rental income. The business will market its various products to the public and with the recent change in the beer license expects to substantially increase the gross income. The business has a 2017 gross income of $1,394,000 and a consistent net yearly income of $177,000 prior to debt service.

Over the past forty years, this Beer Distributor has strived to become the premier full-service beverage company in their area. They provide their customers with a diverse portfolio of profitable products and it is this commitment to customer service that has enabled them to remain one of the best-established and most respected retail companies. This business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,500.

The sale consists of a fully equipped Beer & liquor company, which includes various walk in refrigeration units. Shelving, POS system, tables, computers, software including all the necessary equipment to maintain the business operation and a list of assets will be supplied to purchaser upon request.

The business is active seven days per week, with hours from 10:00 am to 8:00 pm. The business and property have been valued at $2,200,000 based on a multiple of the net yearly income, the value of the specific business assets and real estate. Additionally, some seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,394,000
Cash Flow:   $177,000
Cash Flow Type:  EBITDA
Inventory:  $220,000
Seller Financing:  Yes

About The Business

Year Established:  1989
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The owner will remain post-closing for thirty days to supply an appropriate transitional period to the new operator.
Reason For Selling:  The owner is retiring after many years of success in this industry.




Print Listing Id: 700323240
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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