Sept 9th (Mon) - 6PM NY

Deal Alert: Established Liquor and Convenience Store in Affluent California Neighborhood

📍 Location: Alameda, California
💰 Asking Price: $139,900 + inventory
📊 Revenue: $282,924
💼 Lease: $6,556/month + $1,687 (tax & insurance) until 2026 with renewal options

🌟 Why This Business is Great:

Strong Local Presence and Reputation:

This liquor and convenience store has been a cornerstone in one of Alameda’s most affluent neighborhoods since 2013. Over the last decade, it has built a loyal customer base, consistently drawing local residents for their daily essentials. The store’s strong community ties are a key value driver, as it operates in a market where trust and local relationships are paramount. It’s a well-known fixture, offering a sense of familiarity and reliability, making it difficult for competitors, especially large chains, to break into this market.

Reliable and Consistent Revenue:

With a 2023 revenue of $282,924 and room for growth, this business has proven its stability even in times of economic uncertainty. The asking price of $139,900 is highly competitive for a business in such a prime location, offering a relatively low entry cost for a hands-on investor to take over an already profitable venture. This store is not just a revenue generator, but a well-established business with a strong foundation for future expansion.

🚀 Growth Potential:

Expand Services and Increase Hours:

This store offers significant untapped potential. One of the key areas for growth lies in extending store hours, which could instantly boost revenue by capturing more late-night traffic. Additionally, introducing complementary services like check-cashing, money transfers, or even a small deli or coffee corner could draw in a wider customer base and increase foot traffic. Expanding the range of services would allow the store to become a community hub, further enhancing its value proposition.

Targeted Marketing & Digital Presence:

Currently, the business relies on its reputation and loyal customer base. With focused marketing efforts, particularly through social media and local promotions, this store could attract new customers, including those from surrounding neighborhoods. A basic online presence or local delivery service could also tap into the increasing demand for convenience in today’s market. Given its strategic location, this store has the potential to significantly increase its customer reach with the right marketing strategy.

🔍 My Analysis: This liquor and convenience store is a great opportunity for anyone looking to step into a stable, established business in a high-demand, affluent area. With 10 years of consistent revenue and a loyal customer base, it provides a solid foundation for continued success. The asking price of $139,900 is very reasonable given the location and potential for growth. By extending store hours, adding services like check-cashing, and implementing a focused marketing strategy, there’s significant room to increase profits. The current owner's need to sell quickly due to personal circumstances makes this an ideal time to acquire a well-run, community-centered business with strong upside potential.

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