Liquor: Compoact Sized, Revenue $600K, Net $960K, SBA OK, at $250K

Los Angeles, CA (Los Angeles County)

Liquor: Compoact Sized, Revenue $600K, Net $960K, SBA OK, at $250K
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Asking Price: $250,000

Cash Flow: $96,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: $50,000*

Rent: $3,500 /Month

Established: N/A

*not included in asking price.

Liquor: Compoact Sized, Revenue $600K, Net $960K, SBA OK, at $250K

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Business Description

Mini-size liquor store with decent sales and income, Located next to the street strip center that is well identified in the intersection of busy streets and traffics, No EBT accepted, Multiple areas, but is surrounded by more Hispanic neighbors, Good lease term with reasonable rent rate, Short business hours. Below is a brief overview of operations:
• Monthly gross turnover averages slightly less than than $50,000
• Monthly net income, including an additional $2,500 earned on Lotto / Lottery is above average $8,000.
• Margins are somewhat lower and average 25-30%
• 7+5 coolers in good working condition
• Current all-in rent is $3,500, including 3 Nets. Qualified buyer can nego lowering rent
• Premise size is 1400 sq. ft
• Lease remains 4+5
• One (1) full-time and one (1)full-time owner
• The monthly sales tax paid for is about $ 2,000
• Established for 6 years by the seller
• Business hours are from 8 am to 11 pm and 9 am to 11 pm on weekends
• Street parking
• Express SBA loan w/50% down is available, including $50,000 in inventory. If $150K down is made, approx $1,838 per month to be paid over 10 years at 6.5% annum
• For loan approval and lease assignment approval, buyer must prove a strong financial statement, 700+ FICO, sufficient down payment in the bank account seasoned more than 90 days and at leaset 2 years liquor business experience or ownership
• For your prompt inquiry, online NDA.pdf is conveniently attached.
• For more information, contact Kevin Kim at beeinvest.kim@gmail.com

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
12/31/2027
Facilities:
Located at intersection, Street retail, 12 coolers, Small SBA loan (7a) available with 50% down over 9 yrs
Competition:
Yes
Growth & Expansion:
Extend open hours
Support & Training:
2 week after closing
Reason for Selling:
Personal problem
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Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

Show Phone Number

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