Listing ID: 76777
Business Overview
Description:
This popular liquor & Conv. store is located in a shopping center anchored by a national brand anchor tenant. This location is surrounded by densely populated residential neighborhoods making this an ideal spot for local residents. Ample free parking space in front offers easy egress and ingress. Highly lucrative and sought-after business opportunity. Originally established in 1990 and under the same ownership from 2011. This business needs new blood to take this to next level by adding more diverse merchandise in Spirits and Craft beers to attract a younger clientele. Possibility of adding rental income from rentable corner space (approximately 7ft by 15ft) for check cashing or other services.
Equipment: 14-door Walk-in cooler, Cash Register with POS, Icemaker, Gondola shelving, Liquor, and Wine showcase shelving, and much more. A full list of equipment is available with the Listing Broker.
General Information
Organization: Corporation | Square Footage:2400 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, Tobacco License, ABC Type-21 Liquor Lic. (Included & Transferable) | Hours: 9 am – 9 pm | Reason for Sale: Other business interests |
Lease Information:
Rent: $4750/month including NNN
Lease Term: New 5yr Lease plus 5yr option subject to landlord approval
Revenue:
Gross Sales: ~$48,000 to $50,000/Month plus $9,537/Year commission income.
(As per Seller, not verified by the Broker. Stated earnings inconsistent with financial records. Buyer to exercise revenue due diligence prior to making a business purchase offer).
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.
Financial
- Asking Price: $229,000
- Cash Flow: N/A
- Gross Revenue: $518,568
- EBITDA: N/A
- FF&E: N/A
- Inventory: $75,000
- Inventory Included: N/A
- Established: 1990
Detailed Information
- 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 available.
Other Business Interests.
Additional Info
The company was started in 1990, making the business 32 years old.
The deal won't include inventory valued at $75,000*, which ins't included in the listing price.
The real estate is leased by the business for $4,750 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the true reason and the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or an array of various other factors. This is why it is extremely vital that you not depend completely on a seller's word, but instead, make use of the vendor's answer along with your overall due diligence. This will repaint a much more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can mean that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Many times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular factors such as brand-new competition sprouting up around the area, road building, as well as personnel turnover can affect repeat customers as well as negatively influence future earnings. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the higher the possibility to build a returning customer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical home income influence future earnings prospects?
