Last Revised: 9/11/19. Posting #: 253287
Key Words: san francisco, sunset district, liquor, asset
Financial Info: Asset Sale. Price: $99,000. All Cash. Total commission income from Lottery & SFMTA in 2018 was $48,232. Lot of upside potential for new buyer. Rent: $3,800/month. Lease: New 5 year term plus 5 year option to be negotiated with Landlord.
Profile: This business is located in the Sunset District of San Francisco. It is surrounded completely by residential housing, which will provide a constant flow of foot traffic. This business has proudly served the community since 1990. The Sunset District is the largest neighborhood within the city and county of San Francisco, and with a population of over 85,000 it is also the most populous. Golden Gate Park forms the neighborhood's northern border, and the Pacific Ocean (or, more specifically, the long, flat strand of beach known as Ocean Beach) forms its western border. Store is being operated by Sellers elderly parents. Store lacks consistent business hours, adequate and diverse merchandise. Great upside potential for new buyer.
Equipment Include: Walk-in & Reach-In Coolers, Cash Register with POS system, Liquor & Wine display shelving and Much More. A full list of equipment is available with the Listing Broker.
Organization: Sole Proprietor | Square Footage: ~2,100 sq. ft. | Licenses Required: City Business License, Health Permit, SBOE, Tobacco, ABC Type-21 Liquor License (Included & Transferable) | Days Open/Hours: 9:30am to 9pm | Reason for Sale: Other Business Interests.
Lease: New 5 year term plus 5 year option to be negotiated with Landlord.
Gross Sales: N/A. Asset Sale. Lotto Commission $42,366/Year, SFMTA Commission: $5,866/year.
Financing: All Cash
Broker Disclaimer: Mission Peak Brokers, Inc. 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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Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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
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