re: Liquor store- good investment?

Assuming inventory and FF&E are fair market value, you'll be paying 95K for the EBITA. 2X EBITDA is an attractive metric in just about any industry. If there is opportunity to cut expenses, or if current owner is running a lot of personal expenses that would cease, this could be a very attractive venture.

One recommendation I would like to offer is to require seller pay off all debt at closing or reduce cash payment by amount of debt assumption.

I strictly base this off the limited information provided so take it with a grain of salt.