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Palm Desert, California
Asking Price
$800,000
Revenue
$3,636,000
Down
Call/Email
Cash Flow
$414,405
Posting ID:
7197651
Business Category:
Maintenance
Business Types:
Parking Lot Service
Attributes:
Broker Cooperation
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Established Turnkey Monterey Liquor & Convenience Store Near Cannery Row | Type 21 License | On-Site Parking
Call/Email
GROSS SALES AND DETAILED FINANCIALS WILL BE SHARED AFTER SIGNING THE NDA VIA BIZBEN Rare opportunity to acquire a well-established liquor and convenience store that has successfully operated for 13 years in a prime North Monterey location near Cannery Row and the Monterey Bay Aquarium. The business is positioned along the Lighthouse Avenue corridor, a highly traveled area with strong visibility, easy access, and steady traffic from local residents, neighborhood customers, and Monterey Peninsula visitors. This owner-operated, turnkey business has built a loyal customer base, strong neighborhood presence, and consistent repeat business over many years of operation. The store generates multiple revenue streams through liquor, convenience retail, California Lottery sales, and related offerings. Asking price is $750,000, plus inventory to be sold separately at cost at close of escrow. This opportunity is ideal for an owner-operator seeking an established operation or an experienced retailer looking to expand an existing portfolio. Business Overview • 13 years of successful operation • Owner-operated liquor and convenience store • Established customer base with repeat local clientele • Multiple revenue streams from liquor, convenience retail, California Lottery, ATM, and related offerings Sale Terms & Financials • Asking price is $750,000, plus inventory to be sold separately at cost at close of escrow • Gross sales and detailed financials available to qualified buyers after NDA and proof of funds • California Lottery and ATM income; details available to qualified buyers Licenses & Permits • California Type 21 Off-Sale General Liquor License included in sale, subject to ABC transfer approval • Current operation maintains tobacco license, health permit, and business license; buyer is responsible for obtaining, qualifying for, or transferring all required licenses and permits as applicable Location & Property • Prime North Monterey location along the Lighthouse Avenue corridor • High-visibility location on a highly traveled street • Leased premises include approx. 1,470 sq. ft. store on approx. 6,000 sq. ft. lot • On-site parking lot with 5 total spaces, including 1 ADA-compliant space • Triple net lease Nearby Attractions & Destinations • Cannery Row: approx. 0.1 miles, 3 min walk • Carmel-by-the-Sea: approx. 5.5 miles, 12 to 15 min drive • Monterey Bay Aquarium: approx. 0.3 miles, 6 min walk • Pebble Beach: approx. 4.5 miles, 10 to 12 min drive • The Wharf / Old Fisherman’s Wharf: approx. 1.1 miles, 5 min drive or 22 min walk Operations & Assets • Open 7 days a week, 7:00 AM to 10:00 PM • Turnkey operation with POS system, coolers, shelving, security cameras, display racks, fixtures, and equipment in place, subject to final asset list • Owned ice machine included in sale, subject to final asset list • Additional secured exterior operational storage area with lockable access Transition & Growth Opportunity • Seller willing to provide transitional training/support for a smooth handoff • Opportunity to increase sales through expanded product offerings, targeted marketing, improved merchandising, extended operating hours, and additional convenience services