02 Sep Acquisitions Anonymous: The $1.4M Liquor Store That Prints $500K/Year
This week, the team reviews a long-established liquor store in Northwest Washington, DC. With $2M in annual revenue and $500K in SDE, the business is priced at $1.4Mā€”plus $290K in inventoryā€”putting the effective multiple just over 3x. The store has been operating since 1941 and sits on a corner in a high-traffic, high-income neighborhood with a 10-year lease at $9,500/month.
Key Highlights:
Asking price: $1.4M + $290K inventory, SDE: $500K
Liquor store in DC proper with 80+ years of history
10-year lease at $9,500/mo in a high-income area
SBA-preapproved (though Heather warns that means nothing without tax returns)
Macro headwinds in alcohol consumption vs. 10% YoY sales growth
