GRP Capital is proud to announce a new site for our central Florida liquor store owner. We encourage entrepreneurs who enjoy the challenge to own and operate liquor stores. Lenders are still keen on funding a liquor store purchase. The liquor store industry has continued to remain pandemic-proof. Furthermore, the this Florida liquor store has been profitable even during inflationary times.
Our client was renting the location for his successful liquor store. However, the future of the building was uncertain, but it appeared his rent could increase exponentially. Our client wanted to stabilize his payments and decided the best way was to be an owner and not a renter. He found a nearby property that needed minimal renovations and had sufficient parking. He also worked closely with his attorney and the local zoning commission to make the site change.
GRP Capital was has now closed several liquor stores. GRP Capital President Rick Patel states, “Our team including our processor Keren Alpert, understands the liquor store business very well. We were able to work smoothly with the lender and the client so that he could move into a location that will be even more profitable for him. This conventional loan is competitive rate-wise and offers him stable payments for decades, without having to worry about building owners.”
Previous liquor store closings:
• Georgia liquor store: GRP Capital knew this property well, because we had represented the seller when he bought a few years ago.
• Pennsylvania liquor store: This closing was right in the middle of the toughest part of the pandemic. We were very pleased to demonstrate that loans were still closing!
• Arizona liquor store: Our clients have an incredible business not too far from a large university. Their business is well known and they run it extremely well. We were happy to provide a stable, low interest rate loan that improved their bottom line.
Our GRP Capital team specializes in finding the right lender for each project. We save our clients time and money, as we research the best choices for their funding sources. Our experience allows our clients to find funding that is project-appropriate and will allow for sufficient cash flow. If you are considering becoming a first-time (or second or third time!) buyer or wish to refinance an existing loan, we can assist you.