Listing ID: 76709
This popular liquor & Grocery store with Deli is located in a residential neighborhood. Established around 1945, this corner store with Liquor License & Deli is known for its hearty deli sandwiches with a fan following throughout Bay Area. Highly popular store with very high foot traffic. One of the busiest Delis in San Francisco. Walk-in cooler and storage space in the basement area. Inventory of approximately $80,000 is not included in the asking price. Approximately 75% sales from Deli Section.
Equipment: Walk-in cooler, 8 door Reach-in cooler, Deli refrigerator, Deli Case, Oven, Sandwich prep, Security system with DVR, and much more. A full list of equipment is available with the Listing Broker.
Organization: Corporation | Square Footage: ~2400 sq. ft. (including basement) | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, ABC Type-21 Liquor Lic. (Included & Transferable) | Hours: 7 am to 8 pm | Reason for Sale: Other Business Interests |
Rent: $5,500/month gross fixed until 2025 and 2% yearly increase thereafter.
Lease Term: Current term expiring Oct 16th, 2030 plus 10-year option.
Revenue: ~$125,000/Month plus
(As per Seller. Not verified by Broker)
Financing: SBA/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.
- Asking Price: $699,000
- Cash Flow: N/A
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $80,000
- Inventory Included: N/A
- Established: 1945
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training included.
Other business interests.
The venture was established in 1945, making the business 77 years old.
The sale won't include inventory valued at $80,000*, which ins't included in the listing price.
The building is leased by the company for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 entirely different things. As an example, 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 justifications to try to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is extremely important that you not count totally on a vendor's word, but rather, make use of the seller's answer in conjunction with your overall due diligence. This will paint a much more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new customers? Most times, operating businesses have repeat customers, which develop the core of their daily revenues. Certain factors such as new competitors sprouting up around the area, roadway building, and also employee turnover can influence repeat customers and negatively influence future earnings. One vital thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the chance to build a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the local typical house earnings influence future revenue prospects?