Profitable high net store at low rent of $2300/mo for…
This is a 4,000sq.ft. Liquor located in great busy area in Santa Clara with affluent customer base. Rent is $7,500/m. Lease expires 2022 with 1 x 5 years option. Currently the owners have two locations, one run by husband and this one by the wife. The wife is having health issues and wants to retire, that is the reason, for selling this location. Sales reported on tax about $650k-$720K Gross per year with 27%margin. Lotto $7,500/m, commission around$4,000/m. But Net depends on new owner’s expenses less rent and utilities. Landlord is very strict and wants a buyer with experience and should have secondary income and/or collateral. Store is very neat, well organized, new equipment/freezers and has a large office /storage room.
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