Last Revised: 9/9/19. Posting #: 254063
Key Words: market, convenience, san diego, absentee
Financial Info: Price: $2,400,000. Down: $20%+. Adjusted Net: $434,800. Annual Revenues: $1,243,800. Annual rental income of $51,000 from apartment units.
Profile: Well established, 100% employee operated, high gross, high gross profit, high net, Market that engages in sales of beer & wine, meat & produce, groceries & kitchen sales and check cashing services presenting a vibrant product mix that results in very high gross profits and resulting high net profitability of this business.
Additionally, this business is predominantly employee run and almost absentee owned with current ownership dedicating minimal time and resources towards management and business operations.
Furthermore, Mixed-Use development that blends residential and commercial, where those functions are physically and functionally integrated may allow an incoming buyer to further develop this site best suited to their needs and interest.
Annual rental income of $51,000 from apartment units provide added revenue stream.
Seller has indicated that there have been no major acts of violence making this historically a safe business to own and operate.
This Business has consistent and provable financials as seller has maintained detailed bookkeeping, employee run business operations, great prime location along with opportunity for expansion and growth, multiple revenue streams including rental income.
Profitable business with Real Estate and rental income, high net profit, almost absentee current ownership presents a rare acquisition opportunity.
Professional Resources & Contacts To Help You Close Your Deal!
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
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
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
View All Related Resources & Advisors For This Posting
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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: BizBenNetwork Senior Facilitator Manager Jordan Green discusses the preparation that is needed by business owner/sellers to ensure a successful sale of their business. Jordan also shares tips to help sellers minimize the risk of ruining potential deals and hurting the value of their business.
Key Words: selling your business, sellers, business owner seller, sell a business, confidentiality, training, jordan green
Profile: When the time comes to sell your business, having a team of experienced professionals to represent you can make all the difference in the world as you work to successfully complete a business transaction. Jordan Green shares tips for hiring your most important professional, a business broker.
Key Words: selling a business, sellers, brokers, business brokers, seller representation, jordan green
Profile: Business sellers and brokers & intermediaries utilize disclaimers on postings to help protect themselves from potential liability during and after the sale of a business. Our Facilitators are asked frequently, "What is a good example of disclaimer text to utilize in a Posting?" We share examples.
Key Words: disclaimer, disclaimers
View Related Blog Posts For This Posting
Profile: With the Supreme Court ruling on South Dakota v. Wayfair, business sellers should conduct internal due diligence on their reporting and collection obligations related to remote sales. Addressing this now will avoid problems in the future. John Byrne, CPA explains on BizBenNetwork.
Key Words: john byrne, due diligence, legal, legal issues, legislation, sell a business, selling a business, tax, taxes, taxation, sales tax, seller liability, liability, key exit advisors
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