September 17, 2021
Announcing the Sale of Lone Star Liqour
Denver, CO – September 21, 2021 – Madison Commercial Properties is pleased to announce the sale of Lone Star Liquor, located at 2724 11th Avenue, Greeley, Colorado. Established in 2014, this 3,540 SF Liquor Store achieved sales in excess of $1,850,000 in 2020. The business transaction successfully closed on September 17, 2021 for $975,000 or $725,000 plus $250,000 in inventory.
Brandon Gouker and Brian Costello, both Managing Partners with Madison Commercial Properties represented the local seller, Lone Star Liquor, LLC, in the transaction. The buyer, JBA Liquors, Inc. was not represented.
“Our client was an out-of-state Absentee Owner of the business with minimal involvement in the day-to-day operations. His goal was to sell the business for top dollar to pursue other investment opportunities in his home state. We were able to source a qualified and experienced buyer for the business who was able to execute in a timely fashion,” stated Brandon Gouker, Managing Partner with Madison Commercial Properties.