Liquor Store

Liquor Store

 

$399,000.00

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  • 1
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Listing Number :

 3723

Status :

Expired

Price :

$399000

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Area

4000

Description

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.

3723

Business Information Financial Information
Ownership Type:  Partnership
Year Established:
Year Purchased: 2014
Business Type: Mart & Liquor Store
License(s) Required: Business, Health, ABC
Hours of Operation: 9am-10pm /7xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3723
Date Available: 6/14/2019
Reason For Sale: Health Issues.
Annual Total Revenue: 650000-720,000
Annual Net Income:
Inventory: 300000 Plus asking price
Monthly Payroll:
Lease Information
Base Rent: 7500/m
Lease Expires: 2022
Lease Option: 1x5
NNN:
 
Financing Information
Down Payment: 399000
Owner Will Carry:
Other Finance Terms:

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