Hi-Volume Liquor: $1.8M, Netting $300K, Lots Sprits Sale, at $1.2 Mil

Los Angeles, CA (Los Angeles County)

Hi-Volume Liquor: $1.8M, Netting $300K, Lots Sprits Sale, at $1.2 Mil
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Asking Price: $1,200,000

Cash Flow: $300,000

Gross Revenue: $1,800,000

EBITDA: N/A

FF&E: N/A

Inventory: $200,000*

Rent: $4,700 /Month

Established: 2016

*not included in asking price.

Hi-Volume Liquor: $1.8M, Netting $300K, Lots Sprits Sale, at $1.2 Mil

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Business Description

> A large volume liquor store with annual sales of over $1.8 million. Lot of spirits sales, of which beer and wine and liquor sales are over 85% while grocery sales are less than 15%.
> Free standing. Semi-absentee. EBT accepted. EBT sales are close to $10,000 a month.
> Located right at the corner of a strip center at the main signal intersection where is the threshold of the African American and Hispanic community in the area
> A good opportunity to grab the liquor store that has been a bastion of community over many years in the mainstream of Los Angeles
> The stable sales in 2018 were over $1,800,000 while the seller's discretionary cash flow was about $300,000 or more.
> One of the Disadvantages buyer needs to know is that there is no parking space, However, due to the location of this store and its overflowing customers for many years, there is no difference in sales.
> Buyer can own the liquor store through SBA loans where the buyer can pay a 30% down payment on the total purchase price, including inventory worth around $200,000.> Below is a brief overview of the business
• Gross revenue is $150,000/mo based on 2018 records
• Monthly net income is $25,000, including an additional $2,000 in Lotto/Lottery and $850 in ATM • Margin is an equal to a 30%
• Rent: $5,410
• Sq. Ft. is aprox. 5000
• 11 years leftover on the lease. Buyer can apply for additional options
• Hours are 7 am to 2 am, 7 days
• There are 5 full-time and one part-time employees. Owner manages the store as needed.
• Wages paid for are about $11,000/mo
• Sales taxes paid out per month are $5,500
• No parking space available
• SBA loans are available w/a 30% or $420,000 down, including approx. $200,000 worth of the inventory. With a loan of $1,000,000 including bank fees, a monthly amortization of $11,870 expected over 10 years at 7.5% annum. Payment may differ depending buyer’s credit and SBA scoring system
• For more information, contact Kevin Kim at beeinvest.kim@gmail.com or leave a voice mail / message at (714) 345-6514
• Online NDA is attached for your convenience. Just sign and resend
* NOTE: If you are a ready buyer and you are interested in learning more about this business or are serious about purchasing it in the near future, due to the unique nature of the business, you are strongly encouraged to come to our office to get the detailed, including financials, Purchase procedures and SBA loan process, etc
* Once you meet your agent, you can get additional liquor listings not posted to online ads or a list of other mainstream businesses that best fits your match

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
8/31/2030
Employees:
6
Facilities:
20 coolers, EBT accepted, African American & Hispanic community, Free standing, Semi-absentee, Lots of beer and wine / liquor sales, Hi margine, SBA approved
Competition:
Yes. Local liquor / market / Seven 11
Financing:
N/A
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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