Description

This is a well established Liquor Store/ Grocery Store since 2014. It is  next to the major street in one of the well populated city of San Joaquin County. The store is surrender by other businesses and eaters.  Hours of operation; (9am-10pm / 7x days a week). Lease expires 2025 with 1 x 5 years options, Rent is $2,400 a month and there is no yearly adjustment CPI increase. There are about 10 parking space for this store. Seller claim his Gross Revenue is about $35,000-$40,000 a month, with monthly payroll of $6,000.00. The store has brand new 10 x door cooler which was recently installed ($12,000.00). Also there is Type 20 for Beer License where the new owner can apply for Type 21 license and easily get it. On the site Lottery and EBT.

The current inventory is about $80,000 to $100,000 and it is not included in the asking price, neither the equipment.

Previous owner had U Haul rental service on-site which generated an extra $5,000 to $8,000 income monthly.

The new investor can spend only $800 for new license fee to the city and increase his revenue.

Business Information