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For Sale: Liquor, Grocery Store - Ample Parking, Popular - Morgan Hill

NDA   |  

Current Status: Active     Posting #: 267244     Last Refreshed: 4/26/21    
Contact: Harry Sidhu, CBB At 510-490-9705  -  Also Email This Contact Below
Asking Price:  $349,000     Down Payment:  $30%     Annual SDC:  $105,225     Annual Gross:  $828,500    
Business Address:  None Given     City:  Morgan Hill     Zip:  None Given    
Attributes:  Broker-Broker Coop, Financial Assistance, Training & Support, SBA Loan Pre-Qualified
This popular liquor & Grocery store is located in a standalone building on a very busy city street. Ample parking space in the front offers easy egress and ingress. This business neighbors with residential housing, which makes it a go-to place for its local residents, and commuters. This business offers a variety of spirits, beer, wine, and staple items. Besides, there is a full section for south asian groceries. Safe neighborhood. The business is being operated by a female entrepreneur.
Plenty of room for improvement. Buyers could tap the full potential of this location by adding more diverse inventory, local craft beers, online deliveries, and social media campaigns. Inventory of approximately $120,000 is in addition to the asking price.

Equipment: Samsung SPS-2000 Cash Registers, 10 door Walk-in cooler, 7 door Reach-in cooler (brand new installed in 2018), 5 door Reach-in Freezer (brand new installed in 2018), Security system with DVR, and much more. A full list of equipment is available with the Listing Broker.

General Information:
Organization: Corporation | Square Footage:2000 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, ABC Type-21 Liquor Lic. (Included & Transferable) | Hours: Mon Fri 7 am to 10 pm, Sat-Sun 8 am to 10 pm | Reason for Sale: Other Business Interests |

Lease Information:
Rent: $3000/month gross.
Lease Term: Current term expiring Aug 31, 2023 plus TWO 5-year options at CPI increase with 4% cap.
(Lease carries First Right of Refusal for purchase of the property. Approx. acre lot with mix use
Residential/Commercial development potential. Buyer to check with City for details).

Revenue:
~$70,000/Month plus $67,702/Year commission income (Lottery, ATM)
(As per Seller. Not verified by Broker)

Financing: SBA/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.

To get more information about this Liquor, Grocery Store - Ample Parking, Popular business for sale in Morgan Hill 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 #267244 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, Grocery Store - Ample Parking, Popular, to ask any questions or request an appointment to see this business for sale. Thank you.

Morgan Hill Liquor, Grocery Store - Ample Parking, Popular 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.
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Featured Fast Track Postings: Motivated Owner/Sellers & Business Buyers

For Sale: C-Store, Beer Wine License, Deli - Hidden Gem In Santa Cruz Mountains, California
Contact: Harry Sidhu, CBB: 510-490-9705
Status: Active  Posting #: 267699  Refreshed: 5/6/2021
Asking Price: $99,000  Down Payment: All Cash  Annual SDC: Call / Email  Annual Gross: $240,000
Attributes: Broker-Broker Coop, Training And Support
Fast Track Posting Convenience store for sale in Santa Cruz Mountains Area, California. A perfectly hidden gem for this community. This place is known for its convenience. You can find almost everything here in the middle of the woods from Fresh sandwich, selection of Beer, Wine, Groceries, etc. Asking Price: $99,000 plus inventory ~ $20,000. Rent: $1850/month plus property tax $190/month.
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For Sale: Liquor Grocery Market, Real Estate - High Volume In Greenfield, Monterey County, California
Contact: Harry Sidhu, CBB: 510-490-9705
Status: Active  Posting #: 266436  Refreshed: 5/3/2021
Asking Price: $2,500,000+ Inv  Down Payment: $20%  Annual SDC: Call / Email  Annual Gross: $2,520,000
Attributes: Broker-Broker Coop, Real Estate Available, With Real Estate, SBA Loan Pre-Qualified, Training And Support
Fast Track Posting Established in 1979, this high-volume market is located on a corner lot. Bldg. size: 6,880 sf, Lot size: 12,150sf. It is surrounded by residential housing and other businesses. The store provides ample parking for customers. Asking Price: $2,500,000 Plus ~$175,000 Inv. Asking price includes Business and Property. Gross Sales: $210,000/m Plus Comm. Income Financing: SBA Loan with 20% down payment Six month free payments and SBA fee waiver for loans closed before Sept. 30th, 2021.
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