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Richmond, Contra Costa County, California
Asking Price
$299,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Harry Sidhu
Phone: Show phone number
Name
Harry Sidhu
Phone
Show phone number
Posting ID:
288561
Attributes:
Broker Cooperation
Training And Support
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This convenience store is located in an unincorporated community in Alameda County, California, located between Ashland to the north and Hayward to the south. They offer a variety of products such as snacks, beverages, cigarettes, lottery tickets, Beer, and Wine. This location is surrounded by densely populated residential neighborhoods making this an ideal spot for local residents. Highly lucrative and sought-after business opportunity with tons of future potential. Established in 1991 & under current ownership from 2016. This business needs new blood to take this to the next level by adding more diverse merchandise in Craft beers to attract a younger clientele. This location is trendy among Lottery players making this business one of the top retailers of the California State Lottery. The average Lottery commission per year is close to $45,000. The buyer is hereby notified that Tobacco License is not transferable. The buyer won't be able to get a new Tobacco License for this location due to Alameda County restrictions for unincorporated areas. Equipment: 8-Door Walk-in cooler, Reach-in-coolers, Ice-Cooler, Cash Register, Main Counter, Security cameras with DVR, Microwave, Gondola shelving, and much more. A complete list of equipment is available with the Listing Broker. General Information: Organization: Sole Proprietor | Square Footage:1,058 sq. ft. | Licenses Required: City Bus License, Health Permit, Sellers Permit, Type-20 Beer Wine & License (included & transferable) | Hours: 9:30 am to 8:00 pm | Reason for Sale: Retirement | Lease Information: Rent: $1,850/month gross, Lease Term: Seller's Lease ends July 31ST, 2026. Longer lease terms possible for eligible buyers subject to landlord approval. Revenue: Sales: $15,000+/month plus Lottery commission ~$45,000/year or $3750/month. (as per seller, not verified by the Broker) Financing: All cash All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Milpitas, California
Chinese Restaurant - Type 47 Liquor License
$ 160,000
CF : $ 158,000
Description: This restaurant is a cornerstone in the Milpitas community, preparing family-style Chinese meals for dine-in or carryout. With over 23 plus years in town, a local favorite located in a shopping center anchored by National and regional retailers. They have ample parking to accommodate customers & provide an opportunity for heavy foot traffic to this restaurant. This business neighbors plenty of businesses, commercial & dense residential housing. Tons of untapped potential provides the future buyer with lots of growth opportunities. Type-47 Full Liquor License offered for $60k separately. The seller plans to exit the food industry and is willing to work with the new owner to ensure a smooth transition and provide training and support as needed. Buyers could carry on with the sellers’ concept and improve revenue by expanding business hours, taking advantage of online delivery services, or opting for concept conversion. Possible concept conversion includes Indian, Korean, Japanese, Hawaiian, and American cuisines. Buyers could also take advantage of the hard-to-get Type-47 Full Liquor License by converting this space to a hip Bar with a small plate concept that is highly popular among younger demographics. Equipment: Type-1 Hood, 4-Bruner Stove with Oven, Five Wok Stations, Double Fryer, , Sandwich prep table with 2 door refrigerator, Multiple Freezers and Refrigerators, Cash Reg, Prep tables, Multiple shelving, and much more. A complete list of equipment is available with the Listing Broker. General Information: Organization: Corporation | Square Footage: ~1,750 sq. ft. | Licenses Required: City Bus License, Health Permit, Sellers Permit, Type-47 Liquor License (not part of the sale) | Hours: Wed-Mon 11:00 am to 8:00 pm (Tue closed) | Seating Capacity: 65 | Reason for Sale: Semi Retirement | Lease Information: Rent: $8,523/month including NNN. Lease Term: Seller’s lease expiring in May 2027. Longer lease term possible for an eligible buyer subject to landlord approval. Revenue: Sales: $72,000/Month (as per Seller, not verified by the Broker) Financing: All Cash/ SBA Financing All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
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