6-Day Liquor- Short Hrs, Gd Lease, Sales $360K, Net $108K, at $220K

Los Angeles, CA (Los Angeles County)

6-Day Liquor- Short Hrs, Gd Lease, Sales $360K, Net $108K, at $220K
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Asking Price: $220,000

Cash Flow: $108,000

Gross Revenue: $360,000

EBITDA: N/A

FF&E: N/A

Inventory: $30,000*

Rent: $2,200 /Month

Established: 2016

*not included in asking price.

6-Day Liquor- Short Hrs, Gd Lease, Sales $360K, Net $108K, at $220K

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Business Description

Liquor Store with 6 day open with short hours. Lowest rent rate. Long-term lease in place. Free stand. Bldg looks pretty old. Surrounded by residential and industrial areas.
Suitable to buyers who can diligently work all day and want to earn more than $9,000 a month. Even now, a pair of sellers work tirelessly to produce net income of $9,000 a month without employees all day. Lotto/Lottery sales. Has ATM. SBA loan possible.
• Monthly gross turnover averages more than $30,000
• Monthly net income is over $9,000
• High margins are over 43%
• All-in rent 2,200 w/2 years fixed. NNN / CAM included
• Sq. Ft is approx. 1670
• 2 yrs remaining on the current lease plus 3x5 yrs options w/CPI or 3% annual increase
• Very short hours are from 7 am to 7:30 pm Mon-Sat. Closed on Sun
• Street parking only
• Express SBA loan w/a 30% down is available, including approx. $30,000 in inventory.
• For more details, contact Kevin Kim at beeinvest.kim@gmail.com
* Note: If you are a ready buyer and you are interested in learning more about this liquor store or are serious about purchasing it, you are strongly encouraged to come to our office to get the financial details, loan procedures and business information that best fits your needs.
Once you come to our office, you can get more listings for the business that you've always dreamed of, or other mainstream stores that might be the best fit for your goals.
Please let us know at least 3 days in advance to get better service

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,670
Lease Expiration:
4/30/2036
Employees:
0
Facilities:
Landlord is seller. 7 coolers plus 2 reach-in refrigerators
Competition:
No competition
Financing:
N/A. SBA loan possible
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

Show Phone Number

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