REAL ESTATE INCLUDED
Detroit, MI
$2,100,000

REAL ESTATE INCLUDED
Detroit, MI
$2,100,000

REAL ESTATE INCLUDED
Wayne County, MI
$1,198,000

REAL ESTATE INCLUDED
Detroit, MI
$1,100,000

REAL ESTATE INCLUDED
Detroit, MI
$1,250,000
REAL ESTATE INCLUDED
Monroe County, MI
$600,000
REAL ESTATE INCLUDED
Belleville, MI
$650,000
Michigan
$59,900
REAL ESTATE INCLUDED
Wayne County, MI
$950,000
REAL ESTATE INCLUDED
Detroit, MI
$1,798,000
REAL ESTATE INCLUDED
Macomb County, MI
$1,400,000
Available Nationwide
$50,000
Macomb County, MI
$565,000
Oakland County, MI
$440,000
Wayne County, MI
$72,000
Jackson, MI
$5,000
Waterford Township, MI
$400,000
Michael C. Kelly
Mike Kelly & Associates, Inc.
Serving Macomb County, MI
Michael Kelly has been exclusively handling the sale of Class C licenses, Bars, Taverns, Restaurants and Property throughout the State of Michigan thru State Business Brokers, Inc./Mike Kelly & Associates, Inc. for the over 50 years. We have assisted buyers and sellers in over 1,000 transactions and have a list of experienced Attorneys and Accountants to assist you in your experience of purchasing a business.
Livingston County, MI
$294,999
Kent County, MI
$100,000
Brighton, MI
$350,000
Sterling Heights, MI
$485,000
Monroe County, MI
$300,000
Detroit, MI
$60,000
Genesee County, MI
$410,000
Melvindale, MI
$779,000
Redford Twp, MI
$849,000
Wayne County, MI
$780,000
Kimball, MI
$199,000
Macomb County, MI
$800,000
| Market Overview | Listed for Sale |
|---|---|
| Number of Businesses Analyzed | 9 |
| Median Asking Price | $1,400,000 |
| Median Reported Revenue | $1,850,771 |
| Median Reported Seller's Discretionary Earnings | $335,922 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $700,000 | $1,400,000 | $1,600,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Liquor Stores for sale in Michigan.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $1,200,000 | $200,000 |
| Median | $1,850,771 | $335,922 |
| Upper Quartile | $2,700,000 | $430,000 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Liquor Stores listed for sale in Michigan.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.52 | 3.07 |
| Median | 0.63 | 4.00 |
| Upper Quartile | 0.93 | 5.46 |
| Find out what these types of businesses actually sell for with a BizBuySell Valuation Report | ||
FAQ's
How much does it cost to buy a Liquor Store in Michigan?
The median asking price for an established Liquor Store in Michigan is $1,400,000, though prices range from under $700,000 to well over $1,600,000.
How much do Liquor Stores owners in Michigan earn?
The median reported revenue of Liquor Stores in Michigan is $1,850,771 and owners earn a median of $335,922, which includes the owners salary and any other financial benefits they receive.
How do I value a Liquor Store?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Liquor Stores in Michigan, revenue multiples range from 0.52 to 0.93, with a median of 0.63. Earning multiples range from 3.07 to 5.46, with the median at 4.00. This means the typical Liquor Store in Michigan may ask for around 0.63 times its annual revenue, and 4.00 times its annual owner earnings.
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