$1,699,000.00
Asking Price
Status: Active
Posting ID: 286552
3/27/25
Description
The beer and wine market in the city of Long Beach is for sale. The building size is over 3300 square feet with a lot size of over 11,500 square feet. There is side parking space available. Competition in the area is limited. The surrounded by residential areas and apartments. There are various potentials for growth, including extending business hours, expanding inventory, and adding additional services such as check cashing, money orders, and money transfers. etc.
The seller wishes to retire after more than 20 years in business at the same location. The customers are almost entirely Latino. The Financing options include a 25-year SBA loan with a down payment. Monthly gross revenues are approximately $35-$40,000 (As -is )The store accepts EBT and has a Lotto machine. Additionally, there is a water machine inside the store. Serious buyers only; No- broker Calls.
Extra Income; Lotto commission : $1,7000 per months, Water Machine : $400 per months
The price breakdown includes the property value at $1.5 million, which is the current market value, and the business asset sale as is for $200,000, plus approximately $25,000. The total asking price is $1.7million, plus inventory.
The SBA Loan possible with down payment
All information was given by the seller/buyer's responsibility to verify all numbers. All information provided by the seller is deemed reliable but not guaranteed. Brokers have not audited said information. Buyers are strongly urged to conduct their own investigation and check for the accuracy of said information during the due diligence period.
To get more information about this Beer And Wine Market - With Property, 20+ Years business for sale in Los Angeles County please phone Joo (Joe) Lee (Agent - BRE License #:01358449) at 213-820-8877 Cell and 213-820-8877 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286552 on BizBen.com. In addition to phoning Joo (Joe) Lee, make sure you email Joo (Joe) Lee above to get more info about this Beer And Wine Market - With Property, 20+ Years, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01358449. Win Realty & Properties.
Contact
Details
Asking Price: $1,699,000.00
Down: $500,000.00
Cash Flow: Call/Email
Revenue: Call/Email
Area: Los Angeles County
City: None Given
Attributes:
My Notes About This Listing
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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