Last Revised: 9/10/19. Posting #: 255131
Key Words: liquor, san jose, santa clara
Financial Info: Price: $549,000+ $100,000 inventory. Down: $30%. Adjusted Net: $126,455. Annual Revenues: $912,469. Rent: $4,500/month gross. New 5 year lease term plus 5 year option. Gross Sales: ~$76,000+/month. Other Income: ~$53,000/year lotto/check cashing. Financing: All Cash/SBA doable.
Liquor Store ideally located on extremely busy Street in San Jose. With ample free parking this location is known to have busy street exposure with heavy foot & vehicular traffic. Surrounded by Major Fast Food & Coffee shops makes this desirable location for local residents and commuters. This location is at minutes' drive from busy Hwy-101. Established since 1989 and under current ownership since 2003. Seller is retiring. Tons of upside potential for owner operator. Further room for growth with addition of diversified inventory and extending business hours. Verifiable books and records. Inventory approximately $100,000 is in addition to the asking price.
Equipment Included: 6-Door Walk-In Cooler, 9-Door reach in cooler, two Cash Registers, Main Counter, Gondola Shelving, Price Gun, Storage Shelving, office furniture, and Much More. A full list of equipment is available with the Listing Broker.
Organization: Sole Proprietor | Square Footage: ~2,000 sq. ft. | Licenses Required: City Bus License, Health Permit, Sellers Permit, Tobacco License, ABC Type-21 Liquor License (Included & Transferable) | Days Open/Hours: Monday - Saturday: 7am - 11:00pm, Sunday: 11am - 10pm | Reason for Sale: Retirement
Rent: $4,500/month gross | New 5 year lease term plus 5 year option.
Gross Sales: ~$76,000+/month
Other Income: ~$53,000/year ($4,416/month) commission income from Lotto & Check cashing.
Listed net income before wages.
All Cash/SBA doable.
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 bit 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: 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.
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