Last Revised: 9/10/19. Posting #: 252863
Key Words: liquor, south san francisco, san mateo
Financial Info: Price: $225,000. Down: Call. Adjusted Net: $140,000. Lotto Commission: $75,000+/year. Rent: $7,880/month (including pro-rated share of Landlords property tax). Lease: 5 years remaining on seller's lease. Additional lease option subject to landlord approval. Gross Sales: ~$50,000/month. All Cash.
Profile: This Liquor Store is ideally located on corner location in downtown South San Francisco. It is surrounded completely by residential housing, which will provide a constant flow of foot traffic. Originally established in 1988. For many years Deli section was part of the business. Current owners are not operating Deli since few years now. Deli equipment and Kitchen is still in place and buyer could benefit from this. This location is within 2 miles from hwy 101 and 4 miles from SFO international airport.
Equipment Include: 8-Door Walk-In Cooler, Gondola Shelving, Liquor/ Wine displays, Main Counter, Cash Register, Security Cameras w/ DVR & Monitor, 3-Compartment Sink, and Much More. A full list of equipment is available with the Listing Broker.
Organization: Sole Proprietor | Square Footage: ~4,000 sq. ft. | Licenses Required: City Bus License, Health Permit, SBOE, Tobacco License, ABC Type-21 Liquor License (Included & Transferable) | Days Open/Hours: Monday - Thursday, 8:30am to 9pm, Friday - Saturday, 8:30am - 10pm | Reason for Sale: Other Business Interests.
Rent: $7,880/month (including pro-rated share of Landlords property tax)
Lease: 5 years remaining on seller's lease. Additional lease option possible subject to landlord approval.
Gross Sales: ~$50,000/month (As Per Seller, Not Verified By Broker)
Lotto Commission: $75,000/year
Financing: All Cash
Broker Disclaimer: 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 & legal advisers should conduct your own investigation of business 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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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.
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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.
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