Liquor Store, Morgan Hill

Morgan Hill, CA (Santa Clara County)

Liquor Store, Morgan Hill
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Asking Price: $349,000

Cash Flow: $105,225

Gross Revenue: $828,500

EBITDA: N/A

FF&E: $0

Inventory: $120,000*

Rent: $3,300 per Month

Established: N/A

*not included in asking price.

Liquor Store, Morgan Hill

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Business Description

Description:
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.

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. ¾ 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.

Detailed Information

Location:
Morgan Hill, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Support & Training:
Seller training available.
Reason for Selling:
Other business interests.
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HARRY SIDHU

Business Listed By:
HARRY SIDHU

MISSION PEAK BROKERS INC.

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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