*You may fill out and sign the NDA online by clicking on the Sign Document button below or you may Fax to 877-311-0970, or email to NDA@Routes.ForSale, along with the first page of your bank or brokerage statement (with account number redacted), showing at least $390,000 down payment as your Proof of Funds. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a link to Box.com.
UPDATE!! SBA Changed the Deal!
THREE PAYMENTS NOW! STIMULUS PACKAGE!
If you buy a FedEx Business between February 1, 2021 and September 20, 2021, The SBA will make your first 3 payments, up to a maximum of $9000/month! The SBA will also waive the ~3% Guarantee Fee. UNTIL THE MONEY RUNS OUT!
On a SBA loan for a qualifying Purchase, that works out to be $27,000 Extra CASH in your Pocket, plus the waiver of the 3% Guarantee Fee!
Liquor Stores are an Essential business during the COVID-19 Crisis.
Liquor Stores are considered an essential business and are allowed to continue to operate under state of emergency and shelter in place orders recently issued in the U.S.
PURCHASE PRICE: $1,120,000
MANAGER in Place;
2020 Gross Income: $2,470,000
Purchase Price: $1,120,000, (inventory Not included in Purchase Price)
2020 Cash Flow: $320,000+
Inventory: $350,000-$400,000 (inventory Not included in Purchase Price)
Upscale Liquor Store; Highly Profitable; Denver, CO!
Newly remodeled, Upscale Liquor Store for sale $1,120,000; offered at 3.5x EBITDA for this Semi Absentee Opportunity. Currently grossing $2,470,000 and Nets $320k+ per year as an owner of the business. Includes 7 employees (FT & PT) in place willing to transfer with the business. This business operates in Denver, CO and currently has One Manager, and 6 FT & PT employees. The seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Great Predictable Cash Flow at a Great Price!
Financing: SBA financing IS available for this transaction in the amount of $1,160,000
What Does Financing do for you:
25% Down, 6.0% 10 year Amortization
Purchase Price $1,120,000
Total Purchase Price & Inventory $1,470,000
Equity Investment: $ 390,000
SBA Loan: $ 1,080,000
Working Capital: $ 30,000
SBA Guarantee Fee: $ 33,300
Closing Costs: $ 30,000
Total SBA Loan: $ 1,173,300
Monthly SBA Debt Service: $ 13,026
Current cash flow: $ 320,000+
Annual SBA debt service: $ 156,312
Cash Flow Net of Debt Service: $ 163,688
Cash on Cash Return: 41.97%