Wine, Liquor, Food Store
www.GlobalBX.com
Listing ID:
700171191
Listing Title:
Wine, Liquor, Food Store
Quick Link:
http://www.globalbx.com/listing.asp?bId=171191
Industry:
Food and Beverage
Industry Segment:
Liquor Stores
Country:
United States
State / Province:
California
Area
Northern California - Bay Area
City:
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$400,000
Cash Flow:
$400,000
Cash Flow Type:
EBITDA
Year Established:
1910
Number of Employees:
1 - 3
Business Description:
This wine and liquor retailer is located in one of San Francisco's most affluent neighborhoods. The business has been established for over 100 years and had only 3 owners! The location is absolutely outstanding. The current owner has been running the business since 1971 and works only 12 hours/week. . The business has a history of very strong earnings with 2010 gross sales up 5% year over year. Average owner discretionary income exceeds 400k/yr for the last 4 years. This business has excellent name recognition and a history of substantial and stable profitability. The owner has recently renovated the entire property. The improvements include high efficiency lighting, new motors in the coolers, electrical is entirely code compliant, custom wine and spirits display shelving and cabinets, start of the art security camera system, integrated Metro shelving, and much more. The owner does not do any marketing or advertising. The business can be improved through the addition of a delicatessen, delivery services, expanded web presence with international shipping, active marketing to commercial accounts that surround the location, and much more. A measure of seller financing is available for a buyer with excellent credit and security. The seller will also consider trading the business for real estate and some cash. The seller is ready to retire!
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