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.
- Current Owner2003
- Reason For SaleOther Interests
- Square Feet1,270 & 875
- ParkingParking Lot and Street
- LicensesHealth, Business, ABC Type 20 & 42 Licenses
- Open Hours11am - 6pm and 9.30am -8pm Daily
- Rent$8,333 Including NNN
- ExpirationApril 2027
- Yearly IncreaseContact for Info
- Option5 year Option
- Monthly Revenue$178,344
- Monthly Cash Flow$27,388
- Annual Revenue$2,140,128
- Annual Cash Flow$328,653
- Down PaymentContact For Info
- Note BalanceContact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.