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For Sale: Liquor Store - Real Estate - Salinas, Monterey County

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Current Status: Active     Posting #: 248886     Last Refreshed: 9/19/19     BRE License #: 01433114    
Contact: Harry Sidhu, CBB At 510-490-9705  -  Also Email This Contact Below
Price:  $1,290,000     Down:  Call     Adjusted Net:  Call     Revenue:  Call    
Business Address:  None Given     City:  Salinas     Zip:  93905    
Attributes:  Financial Assistance, Training & Support, Real Estate Included, Real Estate Available     Cooperation With Brokers?  Call
Salinas, Monterey County Liquor Store - Real Estate Business For Sale

  Email Harry Sidhu, CBB Below About This Posting
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For Best Results & Response, Email & Phone This Contact: Harry Sidhu, CBB at 510-490-9705.

  Description About This Posting: Liquor Store - Real Estate
Located on a busy street in Salinas right off the 101 Highway. This liquor store neighbors with an indoor swap meet, floral shop, hair salon, tire shop, bakery, and motel. The various surrounding businesses, and ideal location off of a heavily traveled highway will contribute a steady customer base and constant foot traffic. There is ample parking for all business on property.

Presents a rare opportunity to purchase a business, and property in one. In addition to the buyer will acquire 2 retail rental units. Short term leases provide an opportunity to buyer to keep these tenants or add additional space to liquor store business. The 2,816 square foot building sits on an 8,000 square foot lot, which creates an open-ended opportunity to expand or transform the current business with ready clientele.

Equipment included: 2 cash registers with scanners, 1 8-door walk-in cooler, security camera system with dvr, computer & monitor, atm machine, safe, gondola shelving, glass displays,Budweiser Cooler, Coke Cooler, and more. A full list of equipment is available with the listing broker.

General information
Business:
Organization: Corporation | Square Footage Lot Size: 8,000 Sq. Ft., Liquor Store ~1771 sq. Ft. | Licenses Required: ABC Type-21,City Bus Lic, Health Permit, SBOE, Tobacco | Days Open/Hours: Mon - Fri 7:30 am - 9:30 pm & Sat- Sun 8:30 am - 9:30 pm |
Reason For Sale: Health Hardship

Property:
Building Size: 2,816 Sq Ft, Lot Size: 8,000 Sq. Ft. | No. Of Units: 3 | unit-1: 1,771 Sq. Ft. (Occupied by Liquor Store) | Unit-2: 245 Sq. Ft. (Rent: $825/M, Current Lease Ends: 1/31/2019 w/ Possible Extension until 01/31/2021 | Unit-3: 800 Sq. Ft. (Rent: $1,700/M, Lease Ends: 1/31/2019 w/ Possible Extension Until 01/31/2021

Revenue
Gross sale: ~$60,000/Month plus $13,900/ Year Lotto & ATM Commission & Rental Income $2,525/Month

Financing
SBA loan possible with 25% down payment, subject to buyer eligibility

For more details, please complete, sign and return the NDA (confidentiality agreement)

We obtain the information in this marketing package from sources we believe to be reliable. However we have not verified its accuracy and make no guarantee, warranty and representation about it. It is submitted to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the business & property. You and your tax or legal advisers should conduct your own investigation of property and transaction.

To get more information about this Liquor Store - Real Estate business for sale in Salinas, Monterey County please phone Harry Sidhu, CBB (Intermediary, ProBuySell Member, Broker - BRE License #:01433114) at 510-490-9705 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #248886 on BizBen.com. In addition to phoning Harry Sidhu, CBB, make sure you email Harry Sidhu, CBB above to get more info about this Liquor Store - Real Estate, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


  Helpful Resources To Assist In Selling And Buying California Businesses

Mike Brewer: Liquor License Brokers, ABC Consulting Services - California

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services - California

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services - California

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Joe Sandbank, Esq: Legal Services For Buyers, Sellers, Brokers - Throughout California

I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process. Please phone 916-672-8018 for more info.


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