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The Junction & Cave Liquors

Listed by Tim Miller

FOR SALE: GAS STATION & LIQUOR STORE: HWY 169, AITKIN, MN

Property Description: Located in the Brainerd Lakes Area, The Junction/Cave Liquors has established itself as a popular local convenience store offering customers a clean facility with a friendly staff providing fuel, a wide variety of convenience store products, bait and tackle, a liquor store and a full service deli. The Junction/Cave Liquors location provides excellent visibility and allows easy access. The deli is popular for its sandwiches, burgers, pizza and many other items. It has developed a great local following as well as being a premier stop for tourists, locals and those using the many nearby lakes. Purchasing The Junction/Cave Liquors is more than just buying a business, it's buying a lifestyle. The area provides a highly desirable setting for year-round outdoor activities, abundant wildlife and nature. This is an opportunity to live in nature's paradise and own an established business!

Listing Details

mls: 4880185
Business Name: The Junction & Cave Liquors
CC File #: 1461
Type of Business: Gas Station/Convenience Store and Liquor Store
Address: 22856 Hwy 169
City: Aitkin
State: MN
Zip: 56431
Zoning: Subject property is located in the Farm Residential zoning district - a conditional use permit was issued by Aitkin County in November of 2000, which approved the current use of the subject as a gas station/convenience store/liquor store.
PID#: 11-0-071603 & 11-0-071704
Legal Description: That part of the Northeast Quarter of the Northeast Quarter of Section 33 Township 45 Range 27 as described in document #377361, Aitkin County
Lot Size : Acres: 5.39
Lot Dimensions: Irregular
Building Size : Total Sq. Ft.: 4,272
Building Size : Main Level Sq. Ft.: 4,272
Sale Price: $649,000.00
Price Note: Purchase Price includes Business, Real Estate & Equipment. Inventory averages approx. $65,000-$80,000. See Agent for confidentiality agreement and financials.
Year Established: 2001
Number of Employees: 4

Directions: From the Hwy 18 / Hwy 169 intersection in Garrison - Go north on Hwy 169 - Property is at the intersection where Hwy 169 and Hwy 18 separate and go different directions
Property Features & Assets: Gas Station/Convenience Store: 3,168 SF. Liquor Store: 1,104 SF. Gasoline Canopy: 2,592 SF (4 Double-Sided Gasoline Pumps w/ Card Readers). Diesel Canopy: 1,032 SF (2 Double-Sided Diesel Pumps w/ Card Readers). Underground Tanks: 2 (12,000 Gallon); 1 (8,000 Gallon); 1 (6,000 Gallon).
Competition/Market Pros & Cons: The biggest competition for this location would be stations located in Garrison, MN however no station in Garrison is allowed to carry diesel, which provides The Junction with a distinct competitive advantage over the closest competition. Also, the addition of the liquor store and the full deli make The Junction/Cave Liquors a local favorite.
Growth & Expansion Pros & Cons: Key Investment Considerations: Established presence; Clean/well maintained equipment & facility; Established deli operation; Business purchase backed by real estate value; Local ownership; Additional growth potential; and Favorable interest rate environment. Key Growth Opportunities: Increase sales w/ additional advertising; Exterior marketing (signs & banners); Improve profit margins w/ multiple store ownership; Pursue the addition of a car wash; and Trailer Rental/Sales.

Property Features

Water: Well
Sewer: Septic
Heating: Propane Gas Forced Air
Cooling: Central Air - Electric Ground Units
Electric : Amps: 4 (200 Amp) Panels
Electric : Phase: Triple
Lighting: Fluorescent
Year Built: 2001 (Gas Station)
Year Remodeled: 2009 (Liquor Store)
Construction: Wood Frame
Foundation: Concrete
Roof: Steel
Exterior: Cultured Rock & Steel Siding
Traffic Counts: 2,400 - 3,050 on Hwy 169
Confidentiality Agreement: Required to see financials
Property Tax Year: 2017
Annual Property Tax: $10,420.00
Ceiling Height: 10' (Office); 12' (Retail)
Floor Drains: 3
Bathrooms: 2
Security: Yes
Utilities Available: Power: Mille Lacs Energy Co-op; Gas: Lakes Gas
High-Speed Internet: Yes (Wi-Fi)
Parking Spaces: 28 Asphalt Parking Stalls w/ Additional Parking available near perimeter
Road Frontage: Approx. 675' along Hwy 169 and 520' along Hwy 18
Sorry, Unable to map the location
Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.