This is my favorite investment of all time. I bought Yankee in February of 2004, mostly because I was bored stiff and wanted to have some business to play with. I paid $585,000 for it.

Here's why:

1.  Longevity. It's been around for 12 years and successful.
2.  Owner was totally tuned out. The owner had had heart attack and never really recovered. The business had slid downhill over the past few years and the upside was tremendous.
3.  It's a great product. There is no recession in wine and liquor. Every year our sales have increased. For 2010 sales were up 6%. Since I bought the store sales are up 31.6%.
4.  Location Location. Yankee is in a terrific location right next to a supermarket that can't sell liquor.
5.  It's a highly regulated industry. Believe it or not the laws in Connecticut are designed to allow liquor stores to protect their profit margins.

This business consistently returns me a minimum of $300,000 per year, which is 51.2%. With my tinkering the store has had record profit margins (far higher than the industry average), and has experienced sales increases every year. I love this business so much I bought another store, Stop & Save, which is on the other side of town next to the other supermarket. I haven't been disappointed. The investment returns there are in the low 40%.

I spend no more than an hour a week at both places combined.

If you consider investing this way with us as consultants I strongly urge you to come to Connecticut and visit Yankee and Stop & Save. I will open the books to you, show you some of the stuff we've done, and show you that my strategy works.

I was recently made an offer of $1.25 million fot Yankee, or roughly DOUBLE what I paid for it. The offer was made by a hedge fund.