Liquor Store in DC - for $1.4M? (Acquisitions Anonymous)

Hi folks, Will here from the Acquisitions Anonymous team. Today's episode looked at a long-established liquor store for sale in Washington, DC, and we're wondering if this deal is too good to be true. This is an 80-year-old corner liquor store in Northwest DC with a price tag of $1.4M plus $290K in inventory. It brings in $2M annually with $500K in seller's discretionary earnings (SDE). The store boasts a 10-year lease at $9,500/month in a bustling, high-income neighborhood. But does the 3x multiple hold up? Takeaways - Liquor stores are often popular with SBA loans, but you need to see the tax returns. - The store claims a 10% year-over-year sales growth despite broader alcohol consumption headwinds. - The lease is solid with 10 years left, crucial for a retail business. - Always verify the liquor license transferability in DC. - Is there a catch? The deal seems strong, but due diligence is key. You can listen to the full episode here: https://www.youtube.com/watch?v=WZynPMS9E_M Check out the business listing: https://www.tworld.com/buy-a-business/listings/80yrs-old-sba-appd-profitable-corner-liquor-biz-in-nw-dc-