Two Locals Stores Offering Fine Wine And More
Not Disclosed, CA Alameda County
Seller's Contact Information
- RE: Two Locals Stores Offering Fine Wine And More
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $799,000 | |
| Annual Revenue: | $2,140,128 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $328,653 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2003 | |
| Employees: | 10 | |
| BBN Listing #: | 966211533 | |
| Broker Reference #: | 4324 |
Business Overview:
Two Locals Stores offering Fine Wine, Artisan Cheeses, Oils and Vinegars from around the World
RRC#: 4324
Asking Price: $799,000
Location: Alameda County
Annual Revenue: $2,140,128
Annual Cash Flow: $328,653
Monthly Rent: $8,333 Including NNN
Expiration: April 2027 plus 5 year Option
Listing Description:
SBA pre-approved for up to a 85% loan to well-qualified Buyers with a knowledge of wines, business acumen and good credit. Asking price now $799,000 in addition $300k - $400k in purchase inventory. This highly successful business was founded nineteen years ago with two stores, 875 sq ft and 1270 sq ft and today business boasts total annual revenues in excess of $2.1 million with a combined rent of only $100,000, less than 4% of revenues. A rare ABC Type 42 & 20 transfer with the sale. The Type 42 allows for public wine tastings on site without food, a license currently not issued. Profits in 2021 $328,000. Both stores are located in upscale areas of Alameda County and attract discerning clientele. 12 employees run the day to day operations including opening and closings while the owner provides the buying and stock control process. This is a well-established business in the area and the opportunity to grow further stores would require minimal investment and should be in a Buyer's game plan to enjoy future growth and increased profits.
To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
For more information please visit https://www.restaurantrealty.com/listings/4324/
General Information:
Organization: LLC
Year Established: 2003
Employees: 10
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: $178,344
Monthly Cash Flow: $27,388
Annual Revenue: $2,140,128
Annual Cash Flow: $328,653
Annual Payroll: $309,457
Facilities:
Square Feet: 1,270 & 875
Seating: N/A
Parking: Parking Lot and Street
Days/Hours of Operation: 11am - 6pm and 9.30am -8pm Daily
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Square Feet: 1270 & 875; Seating: Contact for Info; Parking: Parking Lot and Street.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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