6500 Paschall Avenue

Description

This is a corner "beer deli" located in a great neighborhood with excellent business potential. The property appears to be a three-story building; the ground floor houses the beer deli, which features a seven-door cooler and a well-equipped kitchen. It is also secured with bulletproof glass. Currently, the business focuses on selling items like beer and candy rather than prepared food; weekly sales average $10,000. Annual expenses include approximately $10,000 for utilities, $1,900 for property taxes, and a combined $4,500 for building and business insurance. It is currently owner-operated by a couple with no additional staff, and they operate from 10 AM to 10 PM. Because they sell a high volume of individual beer units, profit margins are higher than at similar locations. Monthly net income—including the owners' wages—is around $12,000. The second floor offers seating, and the third floor contains a two-bedroom apartment. The building has an impressive presence, and a new owner could significantly boost sales. It is situated right on the corner. There is a separate entrance for the apartment, allowing access even when the shop is closed, and a driveway along the side and rear of the building adds great convenience. Street parking is available on both sides of the corner. The entire package—including the building, licenses, apartment facilities, and business—is listed for $450,000. If broken down, the building is valued at $250,000, while the business, licenses, and other assets total $200,000, making the combined price $450,000. This location offers the potential for significantly increased sales if the owner lives in the two-bedroom apartment and introduces a food menu.