Listing ID: 76683
Business Overview
Description:
This Convenience store offers grab-and-go bites and beverages, plus assorted newsstand items is located in the neighborhood retail center on the frequently traveled street in San Jose. This Beer/Wine and Grocery Market is surrounded by popular dense residential neighborhoods. The location offers very high vehicular and foot traffic. Ample free parking in front of the store. Business was established in 2006 and under current ownership from 2018. This store features a mix of everything including groceries, snacks, beverages, a variety of beer collections, novelty items, and an impressive beverage counter and ice cream corner. Great upside potential for an owner-operator. Currently under Semi-Absentee ownership.
Equipment Included:
Cash Register W/Scanner, Security Camera System with DVR & Monitor, 12 Door Walk-In Cooler, Multiple reach-in coolers, Icemaker, Gondola Shelving, Coffee machine, Yogurt machine, Milk Shake machine, and much more. A full list of equipment is available with the Listing Broker.
General Information:
Organization: Corporation | Square Footage: ~2500 Sq. Ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, Tobacco License, ABC Type-20 (Included & Transferable) | Days Open/Hours: Mon-Fri 6:00 am to 11:00 pm, Sat-Sun 7:00 am to 10:00 pm | Reason for Sale: Other business interests.
Lease Information:
Rent $9740/Month (including NNN) | Sellers’s lease expiring April 30, 2026.
Extended lease term with additional options possible for the eligible buyers and subject to landlord approval.
Revenue:
Gross Sales: ~$90,000/Month
(As Per Seller, Not Verified by the Broker)
Financing:
SBA Financing with 25-30% down payment (subject to buyer eligibility)
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: $349,000
- Cash Flow: $138,000
- Gross Revenue: $1,080,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $75,000
- Inventory Included: N/A
- Established: 2006
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training possible.
Other Business Interests
Additional Info
The business was founded in 2006, making the business 16 years old.
The deal shall not include inventory valued at $75,000*, which ins't included in the suggested price.
The building is leased by the company for $9,740 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nevertheless, the genuine factor and the one they tell you might be 2 totally different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is really vital that you not rely absolutely on a seller's word, but rather, use the vendor's solution together with your total due diligence. This will repaint a more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new consumers? Often times, operating businesses have repeat customers, which develop the core of their everyday revenues. Specific elements such as new competitors growing up around the area, road building and construction, as well as personnel turn over can affect repeat clients and negatively impact future profits. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the better the possibility to construct a returning client base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Exactly how might the regional typical family earnings effect future income prospects?
