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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: 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
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: 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: 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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Contributor: Jordan Green at 925-701-8064 X314 Log In To Message/Email This Contributor
Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
Contributor: Jordan Green at 925-701-8064 X314 Log In To Message/Email This Contributor
Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
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: William Bruce at 251-990-5934 Log In To Message/Email This Contributor
Profile: William Bruce, National Business Broker/Intermediary and Valuation Expert from Alabama, explains three important issues that arise when buying or selling a small business of any kind. These issues for business buyers and business owner/sellers include confidentiality, valuation, and financing.
Key Words: buying a business, buy a business, selling a business, sell a business, confidentiality, valuing a business, business valuation, financing, sba loans, loans, business purchase financing, 401k, william bruce
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Profile: What percentage of businesses for sale that are advertised and/or sold are pocket listings? What is the best way to find out about pocket listings? Are they advertised? Are they a big part of the businesses sold marketplace? In this Discussion on BBN multiple brokers, agents, BBN Members weigh in.
Key Words: pocket listings, open listings, pocket listing, peter siegel mba
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Key Words: jordan green, business broker, broker, intermediary, buy a business, finding a business, business selection, entrepreneur
Contributor: Spencer Siegel: BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 1 Topics: business valuation, buying a business, due diligence, liquor license
Profile: Liquor stores, like all small businesses, have their own nuances of ownership. In this BBN discussion, we cover things potential owners/buyers of liquor stores should know and think about in order to find success during the due diligence process and ultimately when running a liquor store business.
Key Words: spencer siegel, facilitator, liquor store, liquor, selling a liquor store, liquor license, buying a liquor store
