Last Revised: 9/10/19. Posting #: 251609
Key Words: liquor, san jose, santa clara
Financial Info: Price: $199,000. Down: Call. Gross Sales: ~$50,000/month plus $17,000/year in Lotto & ATM Commission (As Per Seller). Adjusted Net Income: $130,711/year. Rent: $3,920/month (Including NNN). Lease Ends 2023, Additional Lease Option Possible. All Cash. SBA Loan Possible With 25% Down Payment.
Profile: Located on San Jose's most historic street that leads to the popular, SAP Center and also into San Jose's college town. This mini mart neighbors with a movie theater, luxury apartment complex, multiple coffee shops, fitness centers, and many more high-traffic businesses. Popular 'go-to' market that features a plethora of food, drinks and every day necessities. This mini mart is known for its cleanliness, fully-stocked shelves of American & European goodies, all of which contribute to the constant flow of business. With its positive customer rapport with millennials, convenient location and wide variety of items, this mini mart is constantly bustling with business from residents and visitors alike.
Equipment Included: Cash Register w/ POS System, 9-Door Reach In Cooler, Security Camera System W/DVR & Monitor, ATM Machine, Pepsi Cooler, Monster Cooler, Ice Cream Freezer, Gondola Shelving and Much More. A full list of equipment is available with the Listing Broker.
Organization: Sole Proprietor | Square Footage: ~1,000 sq. ft. | Licenses Required: City Bus License, Health Permit, SBOE, Tobacco, ABC Type-21 (Included & Transferable) | Days Open/Hours: Sunday 9:00 am to 11:00 pm, Monday-Thursday 8:00am to 11:00pm, Friday & Saturday 8:00am to 12:00am | Reason For Sale: Other Business Interests
Rent: $3,920/month (Including NNN) | Lease Ends 2023, Additional Lease Option Possible.
Gross Sales: ~$50,000/month Plus $17,000/year in Lotto & ATM Commission (As Per Seller, Not Verified by Broker) | Adjusted Net Income: $130,711/year.
All Cash | SBA Loan Possible With 25% Down Payment.
For more details, please complete, sign and return the NDA (Confidentiality Agreement)
We obtain the information in this marketing package from sources we believe to be reliable. However we have not verified its accuracy and make no guarantee, warranty and representation about it. It is submitted to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the business & Property. You and your tax or legal advisers should conduct your own investigation of property and transaction.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: Over 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, and ABC District Offices, my company Liquor Licenses of San Francisco Bay Area, CA is very qualified to resolve all of your concerns during the liquor license transfer process.
Key Words: jim saxton, restaurant, restaurants, bar, bars, liquor license, liquor licenses, type 48, type 47
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
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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: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
Profile: New York Business Broker Blair Sibley discusses the idea that business owner sellers should not guess when valuing and pricing their small to mid-sized business for sale and should be able to justify and support their asking price when marketing and selling their business for sale.
Key Words: sell a business, sell your business, sell my business, selling a business, valuation, business valuation, business value, value, selling price, asking price, pricing your business, valuing a business, valuing your business, cash flow, sde, discretionary income, sme, buying a business, adjusted net income, income, earnings, sba loans, sba loan, loans, financing, business purchase financing, blair sibley
Profile: When selling your business, it is important to remember that over 80 percent of businesses that go to market never sell. In order to avoid becoming a part of that discouraging statistic, you must revisit these 5 important questions to ensure your business is set up and prepared to sell.
Key Words: jordan green, selling, seller, business for sale, marketing, landlord, lease, rent, cash-based businesses, broker, business broker, advertise
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Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
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