Liquor: Lots of BW Sales, Rev $75K/m, Net $15K/m, Asking $490K. LA

Los Angeles, CA (Los Angeles County)

Liquor, Beer & Wine Sales in Arcadia
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Asking Price: $490,000

Cash Flow: $180,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: N/A

Inventory: $80,000

Rent: $4,966.40 /Month

Established: 2010

Liquor: Lots of BW Sales, Rev $75K/m, Net $15K/m, Asking $490K. LA

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Business Description

More-than-a-typical liquor store with more than 75% of liquor and beer & wine sales. So is higher profits. Well-organized. Interior of the store is harmoniously structured and offers a wide selection of hard liquors, fine wines stored well in the wine room. Located in a strip mall. It is surrounded by the Hispanic neighborhoods
EBT accepted. Lots of beer and wine sales
• Gross sales are: $75,000 or up per month
• Net income is $15,000 or up per month
Including extra income: $1,800 Lotto/Lottery sales and $600 ATM
• Higher-margin rate averages 35%
• Hard liquor sales are more than 50% and beer & wine about 25%
• Rent is $4,940 per month, including 3 Net, and increased by 2 percent every year
• Lease term is 4 years plus 5 years option
• Store size is 1940 Sq. Ft.
• Open hours are Mon-Sun from 9 am to 1 am
• Employees are one FT and 2 PT
• Two owners work alternatively
• Wages paid out per month are about $7,500
• Sales taxes paid out per month average $5.100
• Business established for 19 years by the current ownership
• Parking spaces are in the rear
• SBA loan is available with 30% down. And amortization of $4,166 per month is estimated over 9 years

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,940
Lease Expiration:
N/A
Employees:
3
Facilities:
8 coolers
Competition:
Yes.
Growth & Expansion:
Add check cashing, money order, water sales
Support & Training:
2 weeks after closing escrow
Reason for Selling:
Reirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

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