Business For Sale: Wallaby’s Liquor Warehouse

Calibrate Real Estate is announces a BUSINESS FOR SALEWallaby’s Liquor Warehouse on South Parker Road. Please call 303-482-2828 to schedule your showing. More information is provided below:

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Business For Sale: Wallaby’s Liquor Warehouse (real estate is not for sale)
Address: 1550 South Parker Road Denver, CO 80231
Price: $4,600,000 + Inventory
Total Sales (2016): $7,236,971
Cost of Goods Sold: $5,781,985
Total Operating Expense: $1,061,521
Net Operating Income: $393,465
Sales by Product Category: Liquor (36%); Beer (31%); Wine (31%); Other (2%)
Traffic Count: 40,000 cars daily






BUSINESS OVERVIEW:
Originally constructed in 2004 for a national pharmacy chain, this building features tremendous visibility and access from Parker Road. The drive-thru window is a convenient, yet under-utilized, feature of the property. Wallaby’s Liquor Warehouse has successfully operated in this location since October 2007, and has 60,000 members in its customer loyalty program. Their 2016 sales exceeded $7,275,000, an increase of 17% from 2013.

Wallaby’s Liquor Warehouse presents a turn-key operation for a business investor, or a tremendous opportunity for an existing store looking to expand to a second location. The five senior employees (department managers) have an average tenure of seven years at the store. The store benefits from its location along a busy commuter thoroughfare that feeds the Cherry Creek and Downtown business districts. The store is in a densely-populated area of Denver and Aurora, with 203,000 residents within 3 miles of the store.

The store is 14,000 square feet in total size, and features over 10,000 square feet of retail space, a 100 foot walk-in beer cooler, receiving dock, 76 parking spaces and a drive-thru window. Wallaby’s Liquor Warehouse has over eleven years remaining on its twelve-year lease, with options for two additional five-year extensions. The base rent is $24,767 per month, with 1.5% annual increases. The lease terms are absolute NNN, and must be assumed by the purchaser of the business.

INVESTMENT HIGHLIGHTS:
– Largest Liquor Store in the Area
– 9 Consecutive years of customer and sales growth
– Drive-thru window and abundant parking
– High-visibility location on commuter thoroughfare
– Easy access from Parker Road and Florida Avenue (traffic lights)
– Shadow-Anchored by Walmart Neighborhood Market
– 4.25% Sales Tax attracts high-volume customers
– Stable employee base — senior staff averages over 7 years at store

Greg Johnson (303-482-2878)
Kyle Malnati (303-482-2828)
Greg@CalibrateRE.com
Kyle@CalibrateRE.com

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Calibrate Real Estate
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com