SAN FRANCISCO, California
| Asking Price |
$888,000 |
Year Established |
1950 |
|
| Annual Revenue |
$1,411,454 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Ryan Drake-Lee |
|
| Annual Cash Flow |
$253,312 |
Listing Number |
989608 |
|
| # of Employees |
2 |
Business Category |
Food & Beverage: Liquor Stores |
|
Business Overview:
Transworld Business Advisors San Francisco Ryan Drake-Lee DRE # 02229462
Long-standing community wine shop and liquor store in high foot-traffic retail corridor with built-in, loyal customer base and cash-flowing operations. Rare opportunity to acquire this straightforward business from elderly owners, who are retiring after 35 years of building a customer base that drives profitability. Significant opportunity to modernize and refresh the product selection to match current trends and consumption habits.
Property Features and Assets:
<p>Monthly Rent<br>$14.324,00<br></p><p>Square Units (Foot, Meter)<br>2,070<br></p><p>Lease Expiration Date<br>February 1, 2030, 12:00:00 AM<br></p><p>Terms Options<br>10-year extension option</p><p><br></p>
Market Competition and Expansion:
<p>Direct Competitors within 0.25 mile radius<br>• Bryan’s Grocery sells wine and spirits, two storefronts away<br>• Cal-Mart Grocery at the end the corridor<br>• Wilking Wine and Liquor on Sacramento Street</p><p><br></p><p><br></p><p>The business is durable and strong, though it has declined somewhat as the current owners are aging and don’t have as much energy to keep the products current and evolve with the current demographic trends and consumption patterns influencing the market.<br><br>There is significant opportunity to refresh and update the product selection with more a). natural wine products, b). non-alcoholic products, c). probiotics and wellness products, and d). mixers and complimentary beverages and refreshments.<br></p><p><br></p>
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