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Established Tobacco, Beer & Wine Store In Modesto For Sale

Modesto, California - North, US
Asking Price:
$125,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K
Cash Flow:
Under $50K

This business was first established in 2022 as a smoke shop, It is veteran-owned and operated. The store was recently remodeled and converted to a beer & wine shop in 2023 with a Type 20 license, but it still sells smoke products. Smoking Vets has also established an online store that can provide curbside pick-up for sales, delivery would also be an option down the road. The store has a steady revenue and customer base and is fully licensed and permitted by ABC and Stanislaus County Environmental Services. The store is also currently in the process of being approved for EBT sales, which is another income generator. The store has great potential and needs a dedicated owner that has the time and energy to make it great! The owner is a dedicated husband and father of three, his wife is a recent cancer survivor and has decided to attend graduate school, and the owner wants to be more available for his family during this transitional time.

The Type 20 license requires a state and federal background check, if approved the sale of the license is included in the price. All inventory and equipment are also included in the sale, inventory is done regularly and all products in the store are up to date and fresh. The commercial complex owner is established, utilizes a property management company for rent and building maintenance needs, and will establish a new lease upon sale.

Current hours of operations are Monday–Saturday from 10 a.m.–11 p.m. There is potential for a Sunday revenue stream, and hours with the Type 20 license allow for hours of alcohol sales to be from 8 am to 11 pm, so hours of operations can be adjusted.

The owner is a motivated seller; please contact them if interested.

Property Information

Real Estate:

Lease

Living Accommodation:

N/A

Location:

The store is centrally located on McHenry Ave. in a busy commercial complex surrounded by two restaurants, a hair salon, and cannabis dispensary. Across the street is another shopping complex.

Premises Details:

Business is just shy of 500 sq. ft. in a busy commercial complex surrounded by two restaurants, a hair salon, and cannabis dispensary. There are several retailers and restaurants in the area.

Size in square feet:
498
Planning Consent:

N/A

Business Operation

Expansion Potential:

There is no current expansion potential at this location.

Competition / Market:

There is a gas station located across the street that sells alcohol and food products, there is also a cigarette hut located nearby, both locations close earlier than this business and customers have stated they prefer to stay on this side of McHenry for goods.

Trading hours:

Currently operating Monday - Saturday 10am to 11pm there is potential for a revenue stream on Sundays if opened. The Title 20 license allows alcohol sales from 8 am - 11 pm so the operational hours can be adjusted as needed.

Employees:
0
Years established:
2

Other Information

Support & training:

POS and inventory training is available by owner if needed. The business currently has a licensed CPA if new owner needs a recommendation.

Furniture / Fixtures value:
$25,000 - included in the asking price
Inventory / Stock value:
$50,000 - included in the asking price
Relocatable:
This business can be relocated.