Business Overview

Family owned liquor store for sale in Alameda City. The store generate between $45,000-$50,000 a month in sales. There is lottery permit with with $18,000 lottery commision a year. Lease amount is $6000 plus 1/2 property tax and building insurance a year. Tobacco permit is not available at this joint per alameda city law. This store is located in quiet neighborhood with free parking on street. Approximately 3000 sq ft with lots of storage in back. Inventory is separate and is calculated at the close of escrow

Financial

  • Asking Price: $160,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $100,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

has other interest

Additional Info

The deal shall not include inventory valued at $100,000*, which ins't included in the suggested price.

The business has 2 employees and is located in a building with disclosed square footage of 3,000 sq ft.
The building is leased by the company for $6,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell businesses. Nonetheless, the true factor vs the one they say to you may be 2 totally different things. As an example, they might state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is really crucial that you not count totally on a vendor's word, but instead, use the vendor's response combined with your total due diligence. This will paint a more practical image of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover points such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that revenue margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their daily profits. Specific variables such as new competition growing up around the location, road building and construction, and also employee turn over can influence repeat consumers and also negatively affect future earnings. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the local mean house income influence future earnings potential?