Profitable Liquor Store in Safe/Upscale Location with short hours

San Mateo, CA (San Mateo County)

Profitable Liquor Store in Safe/Upscale Location with short hours

Asking Price:$265,000

Cash Flow:N/A

Gross Revenue:$636,000





*not included in asking price.

Profitable Liquor Store in Safe/Upscale Location with short hours

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Business Description

Well Established, Safe, Upscale shopping center location up for sale. The current owner has run this operation successfully for over 16 years and needs liquidity for overseas projects.

Very simple one man operation with short business hours from 9 a.m to 10 p.m does about 53k/m gross sales at 30% margin. There is an additional 42k/yr in misc income from lotto/phone cards/atm etc. Rent is only 5500/m including NNN. Buyer with some reasonable efforts can take home 100k-120k/yr.

Buyer must have a minimum of 150k down in seasoned funds and excellent credit to qualify with the landlord and the SBA lender. Please be ready to show proof of funds. Contact broker for further details.

Detailed Information

Not included in asking price
1700 sq. ft shopping center location
Reason for Selling:
Seller needs liquidity

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