Liquor Store

Liquor Store

Available

$640,000.00

Listing Number :

 3946

Status :

Expired

Price :

$640000

Share

Added to Favorite

Favorite

Print

Area

1600

Description

Long established 22-years business, well known in the area, doing high numbers
historically and recent increases because of new condo development in the area. Seller claims
currently store is doing annual gross sales $852,000 with Net Profit of $234,000.00 as owner
operator. Currently store has shorter hours 11 am – 10 pm and Not selling Lotto, new owner can
extend hours and offer lotto which will increase sales with even more profits. In addition, the price
is justified for the fact that the City of Oakland has approved renovation funds for interior and
exterior of the store, documents available. Furthermore, the store is in “Green” zone to sell
cannabis products as added product line. New condo development Brooklyn Basin with a total
3,100 unites going up nearby. Seller is moving out of state for daughter’s college.
This is a rare opportunity for a profitable store first time in the market. # 3946

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 1969
Year Purchased: 1998
Business Type: Liquor Store
License(s) Required: Business, Heath, ABC
Hours of Operation: 11am-10 pm /7 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3946
Date Available: 3/12/2020
Reason For Sale: Moving out of State.
Annual Total Revenue: 852000
Annual Net Income: 234000
Inventory: 90000
Monthly Payroll:
Lease Information
Base Rent: 2375/m
Lease Expires: 2025
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 640000
Owner Will Carry:
Other Finance Terms:

Similar Properties