Last Revised: 9/9/19. Posting #: 253680
Key Words: liquor, inland empire, riverside, absentee
Financial Info: Price: $475,000. Down: Call. Adjusted Net: $145,000. Gross Sales - Year 2018: $917,200 (Sales do not include Lotto/Lottery Sales). Current Rent: $5,000 Including CAM Charges. Fixed Rent: Rent is fixed at $5,000 with no annual incremental increases till year 2025. Seller is seeking liquidity.
Profile: Great opportunity to own an attractive, 3,800+- sq. ft. in size, well established, semi-absentee owned, employee run, major busy street located, high gross, Liquor store in a desirable community.
Please note, that this stand-alone liquor store is an attractively built business establishment where upon site visit it becomes abundantly clear that seller expended time and resources in its establishment.
Located on a major busy thoroughfare, ensures a high volume of vehicle and foot traffic and a steady stream of clientele. Additionally, this business is strategically located adjacent to residential as well as business communities.
Currently this business is almost absentee owned and employee run, therefore, higher bottom line may be realized by an owner/operator and by controlling payroll related expenses.
Seller allocates about twenty(20) hours per week on this business and conducting operations and managerial duties, consequently resulting in larger than usual payroll related expense.
Gross Sales Year 2018: $917,200
(Sales do not include Lotto/Lottery Sales)
Business Size: 3,800+- sq. ft.
Current Rent: $5,000 Including CAM Charges
Fixed Rent: Rent is fixed at $5,000 with no annual incremental increases till year 2025.
Seller is seeking liquidity via sale of business.
High gross, high net, low rent, great lease, semi-absentee ownership, well established attractive establishment, potential growth opportunities and a reasonable asking price presents a great acquisition opportunity.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
Key Words: escrow, bulk sale, helen yoo, new century escrow
Profile: Escrow services to brokers & agents, owner/sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services.
Key Words: shalonda chappel-pilgram, town country escrow, escrow, bulk sale, bulk sales, escrows, liquor license transfers, lien search, lien searches, los angeles, orange, riverside, san bernardino, san diego, imperial
View All Related Resources & Advisors For This Posting
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: BizBenNetwork Facilitator Manager Jordan Green (at 925-785-2282) explains the crucial role that business wanted to buy postings on BizBenNetwork play in providing buyers with a voice within the small business marketplace. Included are the best practices for advertising a business wanted posting.
Key Words: buying a business, buy a business, selling a business, sell a business, buyer, business buyer, business buyers, business wanted, business wanted to buy, advertising, marketing, jordan green
Profile: Buyers often explore buying a franchise instead of an independent business because of certain benefits that come with doing so, however, choosing the right franchise to buy can be hard. With the number of franchises only growing this article helps business buyers select the right franchise for them.
Key Words: franchise, buying a business, business buyers, buying a franchise, spencer siegel
Profile: Business Valuation Expert and CPA John Byrne explains how business owners need to have accurate and timely financial statements in order to manage, grow, and ultimately sell their business. The emphasis should be on generating the financial statements to serve all users of the financial data.
Key Words: selling a business, sell a business, sell your business, financial statement, financial statements, financials, valuation, valuing a business, valuing your business, business valuation, business owner, business owners, owner sellers, john byrne
View Related Blog Posts For This Posting
Profile: Business buyers must use extreme caution when seeking online businesses for sale. In this BizBenNetwork blog, BBN Senior Facilitator Manager Jordan Green explains the major red flags that buyers should look for when examining online business opportunities and existing online businesses for sale.
Key Words: buyers, buying a business, finding a business, searching for a business, online businesses, business opportunities, scams, jordan green
Related Discussions For This Posting
Comments & Replies: 1 Topics: business valuation, buying a business, due diligence, liquor license
Profile: Liquor stores, like all small businesses, have their own nuances of ownership. In this BBN discussion, we cover things potential owners/buyers of liquor stores should know and think about in order to find success during the due diligence process and ultimately when running a liquor store business.
Key Words: spencer siegel, facilitator, liquor store, liquor, selling a liquor store, liquor license, buying a liquor store
Comments & Replies: 22 Topics: for sale by owner, legal issues, selling a business
Profile: A business owner/seller on BizBenNetwork just posed this question to me in a BBN Facilitator Session: “What are the best practices for avoiding lawsuits, possible litigation when selling a business?” In this discussion, we discuss many angles and ideas on this topic for sellers, brokers, and agents.
Key Words: selling a business, legal, attorney, sell a business, legal issues
View All Discussions
Comments & Replies: 1 Topics: selling a business
Profile: In this BizBenNetwork discussion led by New York Business Broker Blair Sibley, BBN members and resources discuss the many factors that impact the length of time needed to successfully sell a small to mid-sized business and provide sellers with tips for preparing their business for sale.
Key Words: sell a business, selling a business, blair sibley