Liquor: Gross $960K, Net $156K, SBA OK, at $370K, Lynwood

Lynwood, CA (Los Angeles County)

Liquor: Gross $960K, Net $156K, SBA OK, at $370K, Lynwood
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Asking Price: $370,000

Cash Flow: $156,000

Gross Revenue: $960,000

EBITDA: N/A

FF&E: N/A

Inventory: $100,000*

Rent: $5,150 /Month

Established: 2008

*not included in asking price.

Liquor: Gross $960K, Net $156K, SBA OK, at $370K, Lynwood

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Business Description

Liquor store in a strip mall. Business breakdown by a month. No check cashing. EBT acccepted
• Gross sales are $80,000/mo on an average
• Net profit is $13,000/mo on an average
• Including an extra income of $1,600 as follows, Lotto/Lottery $1,3,00, ATM $300
• total 25 coolers, inluding refrigerators
• EBT accpeted
• All in rent is $5,150
• Store size is approx. 2000 sq. ft
• Must be a new lease of 5-yr plus 5-yr option
• Employee: 1 FT, 1 PT, two owners switch the shift alternatively
• Wages are about $2,000 a month
• Sales taxes average $3,700/mo
• Run for 10 years by the seller
• Store hours: Mon-sun from 8 am to 11 pm
• Parking OK
• SBA loan is available w/$150K down (about 30%), $100,000 inventory included, Amortization of approx. $2,910 a month expected over 10 yrs for qualified buyers

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
10/31/2028
Employees:
2
Facilities:
8+7 coolers, EBT acepted, Lotto/Lottery income of $1,600./mo
Competition:
Liquor store, market
Financing:
None
Support & Training:
2 weeks after closing escrow
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
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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

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