Liquor Store & Market For Sale
Location:
United States
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California
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Northern California - Bay Area
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Oakland
Industry: Food and Beverage > Liquor Stores
Business Summary
The Seller Owns The Property And Will Give A 10 Year Lease Plus Two 5 Year Options With A Rent Of $15,000/M Including Triple Net Charges. The Store Is 15,000 Square Feet With More Than 80 Parking Spaces Serving The Latino And African American Residents.
Utilities: $10K/M. Wages: $25K/M Plus Payroll Tax. Bank Charges: $1,000/Mo.
The Business Consists Of 3 Aspects: A) Meat Dept. Which Sells $90K/M At 40% Profit, B) Liquor And Groceries Which Produce $240K/M, And C) Check Cashing Services Which Makes Pure Profit Of $20K/M. The Buyer May Sublease The Meat Dept. To The Present Butcher For About $5,000/M.
The Monthly Gross Profit From All 3 Sources Is About $110,000. The Monthly Net Profit (After All Expenses) Is About $50,000.
If You Have Less Than $400K To Put Down In The Form Of Cash And Bank Credit Line, Please Don't Call. The Seller May Participate A Little In Funding The Purchase, But The Buyer Must Have Collateral.
The Buyer Or His Manager Must Have Experience In The Market/Liquor Business. This Is A Cash Cow In Its True Sense Of The Word! The Location Of This Property Is Not In Beverly Hills! Contact for more information on this Liquor Store & Market for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$4,200,000
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2000
Number of Employees: 6 - 9
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Not Applicable
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: 70063392
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