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I owned convenient store for 4 years .I'm looking for a liquor store with $70,000.00 down, is this may happen.

With $70,000.00 down , can I purchase a liquor store?

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Answers (5)
Kevin Blank
........................................
PA
Premium Broker

Nguu, You can definitely purchase one but it will depend on the purchase price and the cashflow of the business. There are still some lenders lending based on cashflow. What area are you looking to buy in. PA's liquor stores are state ran but I do have a couple of beer distributors listed that have nice cashflow if you would be interested. Contact me if interested at kevin.blank@keystonecatalyst.com

Aug 12, 2009
Satish Patel
Sunbelt Business Advisors
Middlesex County, MA
Premium Broker

You may be able to secure financing with 20-30% down. Do you have previous industry experience? Have you run and operated a liquor store before?

Please send me an email or call my office to set up a complimentary consultation.
Mandoni@sunbeltne.com, 617-945-5338.

M Mariola Andoni, CBI
Sunbelt Business Sales & Acquisitions
www.sunbeltne.com

Jun 23, 2009
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I can help you raise enough capital to put a down payment on any or multiple convenient stores. Give me a call 423 760 1747

Jun 4, 2009
Michelle Orr
Wells Fargo SBA Lending
Business Development Officer
Fairfield County, CT

Nguu,
I am a commercial loan consultant and former lender. Without knowing anything about the actual location you wish to purchase I can provide the following advice. It really depends on the actual cost of the liquor store and the assets being sold. Let's say for example you are purchasing a liquor store for $700,000 with real estate. I have lenders that will lend up to 80% of the cost, or a loan of $560K. If you have $70K to put down, or 10% of cost, you can approach the seller to request he/she finance the remaining 10% in the form of a second mortgage subordinate to the lender's loan. This is very common with business acquisitions. Conversely, if you were looking to purchase a store with an asking price greater than $700K, then a larger seller note would be required.
I would be happy to discuss further if you have additional questions.
Best regards,
Michelle Orr

May 27, 2009
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Coldwell Banker Commercial Valley Realty
Los Angeles County, CA

three are many liquor stores where the owner will finnance the buyer.
you have owned a C-store for 4 years, that is a good thing.
if you need more information call me at 611-948-2644 ext 14 or E-mail me at sam@cbcvalleyrealty.com
sincerely
Sam Alshaer

May 20, 2009