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Market In Upland, San Bernardino County, CA
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Contact: Mani Singh, CBB at 951-296-7646 Cell - Log In To Message/Email This Contact
Last Revised: 9/10/19. Posting #: 253630
Key Words: market, mart, upland, san bernardino, absentee
Financial Info: Price: $150,000. Down: $50%. Adjusted Net: $61,400. Annual Revenues: $387,540. Current Rent: $4,145. Including CAM Charges. Premises Lease Expires: Year 2030 Including Options. Seller financing available.
Profile: Great opportunity to own an 2,800+- sq. ft. in size, well established, almost absentee owned, employee run, major busy street located, Beer & Wine Market in a desirable area.
Located on a major busy street ensures a high volume of vehicle and foot traffic and a steady stream of clientele. Additionally, this business is strategically located adjacent to residential as well as business communities.
Material Facts:
Business Size: 2,800 sq. ft.+-
Current Rent: $4,145. Including CAM Charges
Premises Lease Expires: Year 2030 Including Options
Hours of Operation: 9:30am - 8:30pm
Currently, this business is almost absentee owned and employee run, therefore, higher bottom line may be realized by an owner/operator and by controlling payroll related expenses.
Seller allocates minimal time, operating and dedicating about one(1) day per week on business operations and thereafter conducts managerial duties only, consequently resulting in high payroll related expenses.
Sellers is offering this business establishment for sale after about nine(9) years under current ownership.
Almost absentee ownership, short hours, well established, potential growth opportunities, seller financing and a reasonable asking price presents a great acquisition opportunity.
Located on a major busy street ensures a high volume of vehicle and foot traffic and a steady stream of clientele. Additionally, this business is strategically located adjacent to residential as well as business communities.
Material Facts:
Business Size: 2,800 sq. ft.+-
Current Rent: $4,145. Including CAM Charges
Premises Lease Expires: Year 2030 Including Options
Hours of Operation: 9:30am - 8:30pm
Currently, this business is almost absentee owned and employee run, therefore, higher bottom line may be realized by an owner/operator and by controlling payroll related expenses.
Seller allocates minimal time, operating and dedicating about one(1) day per week on business operations and thereafter conducts managerial duties only, consequently resulting in high payroll related expenses.
Sellers is offering this business establishment for sale after about nine(9) years under current ownership.
Almost absentee ownership, short hours, well established, potential growth opportunities, seller financing and a reasonable asking price presents a great acquisition opportunity.
Professional Resources & Contacts To Help You Close Your Deal!
Contact: Willard Michlin at 805-428-2063 Log In To Message/Email This Contributor
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
Contact: Helen Yoo at 626-890-1151 Log In To Message/Email This Contributor
Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
Key Words: escrow, bulk sale, helen yoo, new century escrow
Contact: Shalonda Chappel at 951-808-3972, 951-808-3972 (Cell) Log In To Message/Email This Contributor
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
Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell) Log In To Message/Email This Contributor
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
Contributor: Spencer Siegel at 925-701-8064 X315 Log In To Message/Email This Contributor
Profile: Owner sellers begin the process of selling their business with incorrect assumptions derived from a subjective mindset, limiting their ability to properly market to buyers. By understanding the motivations and goals of business buyers better, owners can sell their businesses more quickly.
Key Words: selling a business, seller, buyers, escrow, spencer siegel
Contributor: Jordan Green at 925-701-8064 X314 Log In To Message/Email This Contributor
Profile: The unfortunate side of buying and selling small businesses is that the majority of all transactions fall through, including over half of all deals that go into escrow. Jordan Green discusses the most common reasons that transactions fall out of escrow in this BizBenNetwork blog.
Key Words: jordan green, escrow, business owners, business buyers, buyers, sellers, contract deposits, taxes, business purchase financing, financing, landlord, landlords, lease, leases
Contributor: Jordan Green at 925-701-8064 X314 Log In To Message/Email This Contributor
Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
Contributor: Jordan Green at 925-701-8064 X314 Log In To Message/Email This Contributor
Profile: Buying a business is no easy task. In fact, business buyers are faced with many questions before beginning their search for an existing business for sale. BizBenNetwork Senior Facilitator Manager Jordan Green gives helpful tips for prospective business buyers to start their search on the right foot.
Key Words: buying a business, business buyers, buyer, buyers, buying a small business, absentee, absentee run, pre-qualification, financing, loans, sba loans, deposits, business purchase financing, due diligence, jordan green
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