If you’re thinking about selling or buying a liquor store in Charlotte, NC, you’ve come to the right place! Our team of business brokers is well-versed in the intricacies of liquor store sales and can guide you through the transaction process.
Top 3 Reasons to Work with a Business Broker to Buy or Sell a Liquor Store in Charlotte, NC
You may be wondering whether or not it’s really necessary to work with a business broker to buy or sell a liquor store in Charlotte, NC. Below are the top three reasons most buyers and sellers choose to work with a broker.
1. Access to broker’s network of buyers and sellers
VR Business Brokers of Charlotte has access to an extensive network of interested business buyers and sellers. If you’re a buyer, this works to your benefit because we can help you identify profitable liquor stores for sale that might fit your budget, lifestyle, and needs. If you’re a seller, this works to your advantage because we can easily market your business listing to a large group of interested buyers.
2. Transaction closed quickly and efficiently
Our business brokers have decades of combined experience closing transactions for clients in a wide variety of industries. Let our years of experience work for you! Once you’ve identified your ideal liquor store business or an interested buyer, a broker can help lead you through the transaction. That means you have an expert on your team helping you communicate with the other party, ask questions, organize essential paperwork, negotiate the price, and ultimately, close a deal.
Not only does our expertise help you to get a better deal, but it also saves you time that can be spent running the day-to-day of your existing business.
3. Help selecting and analyzing fair asking price
If you’re the current owner of the liquor store, you’ll need to select an asking price that allows you to walk away profitable, but that doesn’t scare away potential buyers. A VR business broker can value your business based on risk, seller’s discretionary earnings (SDE), the market, business performance, cash flow, real estate (if included), and much more. Using that broker’s opinion of value, you can defend your asking price to qualified buyers.
If you’re a buyer that has identified a successful liquor store you’d like to purchase, a broker can provide comps for comparable liquor stores. Having comps on hand can help you negotiate a better deal and understand your market.
To learn more about buying or selling a beer & wine shop or liquor store in Charlotte, NC, contact VR Business Brokers of Charlotte. We have the expertise to guide you through a successful transaction.