OPERATING LIQUOR STORE

OPERATING LIQUOR STORE ESCONDIDO, CA READ TERMS BELOW BEFORE BIDDING! Located in the incorporated city of Escondido, CA. Established in 1988, been in same location since 2014. Type 21 - ”Off-Sale General” liquor license. Current lease to expire in 2024 with 3 five-year options available. New owner could offer EBT, money orders and check cashing for additional revenue. Do not speak to staff. Relocation forcing sale. CALL 760-504-5555 TO SCHEUDLE A PHYSICAL OR VIRTUAL WALKTHORUGH · Established 1988 · Fully Stocked with 2,100+ SKU’s · All POS and systems in place · Staff in place and would like to stay · 17-door walk-in cooler · Speakeasy-style Whiskey Room · Clean and Well Kept · ADA complaint TERMS AND CONDITIONS - READ CAREFULLY AUCTION PRICES DO NOT INCLUDE INVENTORY. INVENTORY FLUCTUATES AND WINNING BIDDER WILL BE OBLIGATED TO PURCHASE INVENTORY AT PREVAILING WHOLESALE AT TIME OF CLOSING. TYPICAL INVENTORY IS ~$100,000 STARTING BID IS $150,000. TO BID YOU MUCH TELEPHONE US AT 760-504-5555 TO BE APPROVED. BIDS ARE BINDING CONTRACT! ONCE THE RESERVE HAS BEEN MET YOUR BID IS CONSIDERED YOUR CONTRACT TO PURCHASE. SELLER IS NOT OBLIGATED TO ACCEPT A BID BELOW THE RESERVE, BUT MAY AT THEIR DISCRETION. IF YOU HAVE THE WINNING BID AND IT IS ACCEPTED, OR RESERVE HAS BEEN MET, YOU WILL BE IMMEDIATELY CHARGED THE 15% BUYER'S PREMIUM, WHICH IS NOT REFUNDABLE. THE REMAINDER OF THE TRANSACTION WILL BE HANDLED BY ESCROW IN ACCORDANCE WITH CALIFORNIA LAW. BUYER'S MUST, WITHIN 10 DAYS, DEPOSIT THE WINNING BID INTO ESCROW (COMPANY TO BE AGREED UPON) AND MUCH WITHIN 21 DAYS APPLY THROUGH THE CALIFORNIA ALCOHOLIC BEVERAGE CONTROL FOR THE APPLICABLE LICENSE. IT IS THE BUYER'S RESPONSIBILITY TO RESEARCH THE QUALIFICATIONS FOR LICENSE AND TO PAY ALL FEES ASSOCIATED. THE SELLER WILL RECOMMEND A LOCAL ATTORNEY IF DESIRED. FAILURE TO MEET THESE TIMEFRAMES WITHOUT GOOD CAUSE WILL RESULT IN A CANCELLATION FEE OF $2,000 PER DAY.