Liquor Store On High Volume Intersection
Location:
United States
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California
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Northern California - Bay Area
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San Jose
Industry: Food and Beverage > Liquor Stores
Business Summary
Asking Price $550K Plus Inventory
Inventory Valued At $80K To $100K
Seller Financing Of $350K And Maybe More Depending On Offer
Sales $780,000 per year
Gross Margin Is $22,000/Mon
Labor, Insurance, Rent And Other Operating Expenses Are $7,000/Mon
Net Income Is $15,000/Mon (Including $1,500 (Rent From Vendors) + $1,200 (From Lotto) + 450 (From Atm))
Store Has 1 Ft Ee At 72 Hours, 10/Hr - Manages Cash Register
Store Has 1 Pt Ee At 5 Hrs/Day For 4 To 5 Days, 8/Hr - Only Does Setup And Cleaning
Owner Works 42 Hours
Owner Not Paid A Salary Only Keeps Income
3,800 Sq Ft.
Rent $3,245/Mon Plus Nnn ($4,300 Mon Total)
There Is Another 3.5 Yrs On Lease With A 5 Year Option To Renew.
Hours 8-12 Sun - Thurs, 8-2am F-Sat
Contact for more information on this Liquor Store for sale.
All Information Is Provided By The Seller And Is Believed To Be Reliable.
Versant Business Team, Inc. Or Its Employees Have Not Verified Any Of The Information Or Facts About This Business. Buyer Takes On All Responsibility For Due Diligence Regarding The Evaluation Of This Business. Buyer Is Advised To Talk To Accountants, Cpas And Attorneys Before Making An Decision On A Business Purchase.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$780,000
Cash Flow:
$180,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $100,000
Seller Financing: Yes
About The Business
Year Established: 1999
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: As negotiated.
Reason For Selling: Seller has other business interests.
Photos
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Liquor Stores business for sale.
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Print Listing Id: 700111658
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