Liquor: Long Term Lease, Gross $900K, Net $216K At $525K

Los Angeles, CA (Los Angeles County)

Liquor: Long Term Lease, Gross $900K, Net $216K At $525K
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Asking Price: $525,000

Cash Flow: $216,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: N/A

Inventory: $70,000*

Rent: $4,914 /Month

Established: 1998

*not included in asking price.

Liquor: Long Term Lease, Gross $900K, Net $216K At $525K

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Business Description

Liquor store surrounded by Hisanic and African-Americans. Located in a strip mall. Gross Sales per month: $75,000
Net Income per month: $15,000 or higher, including an extra income of approx. $4,400 a month
Lotto/Lottery income is $3,750
Rent: $4,900 and increased by 3% each year. Note that the seller is the landlord
Lease: 5+5
Size: 2600 sq. ft
# of Coolers: 8
Hours: 7:30 am to 10 pm 7 days a week
One (1) FT employee and one (1)owner works fulltime 7 days a week
Has run for 20 yrs by the current owner
Asking price is a firm $525,000 plus inventory. Sorrry it's non-negotiable

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
12/31/2028
Employees:
1 FT
Facilities:
8 coolers, EBT accepted, Seller is the landlord, 20 yrs at the current location
Competition:
Yes.
Growth & Expansion:
Adding water sales, do more ads
Support & Training:
2 weeks after closing the escrow
Reason for Selling:
Retirement
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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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