Listing ID: 76613
Business Overview
Description:
This popular liquor store is located on a very busy intersection with a wide-open parking space in front. This store is known for its collection of premium liquor and craft beers. The surrounding area is a mix of a commercial and multi-family residential neighborhood. Within a few minutes drive from Tesla plant and Fremont Warm Springs BART station. Huge upside potential for an owner-operator.
Equipment: 10 door Walk-in cooler, Reach-in coolers, Wine and Liquor Displays, Multiple shelving, and much more. A full list of equipment is available with the Listing Broker.
General Information:
Organization: Corporation | Square Footage: ~1,000 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, ABC Type-21 Liquor Lic. (Included & Transferable), Tobacco License | Hours: 9 am to 11 pm | Reason for Sale: Other Business Interests |
Lease Information:
Rent: $3,500/month including NNN.
Lease Term: Current term expiring July 31st, 2025 plus 4-year option.
Revenue:
~$45,000/Month plus (As per Seller. Not verified by the Broker).
Financing: All Cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Financial
- Asking Price: $199,000
- Cash Flow: N/A
- Gross Revenue: $540,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $75,000
- Inventory Included: N/A
- Established: 1986
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training available.
Additional Info
The business was founded in 1986, making the business 36 years old.
The sale shall not include inventory valued at $75,000*, which ins't included in the requested price.
The property is leased by the company for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. However, the genuine factor vs the one they tell you might be 2 completely different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of various other reasons. This is why it is very important that you not count completely on a seller's word, yet instead, make use of the seller's response in conjunction with your general due diligence. This will paint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover things like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that revenue margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new clients? Many times, operating businesses have repeat clients, which form the core of their day-to-day profits. Particular factors such as brand-new competition sprouting up around the location, roadway building and construction, as well as staff turn over can influence repeat customers as well as adversely influence future incomes. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical family income influence future income potential?
