Liquor; Rev $1.02M, Net $144K, Asking $590K, Inglewood

Inglewood, CA (Los Angeles County)

Liquor; Rev $1.02M, Net $144K, Asking $590K, Inglewood
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Asking Price: $590,000

Cash Flow: $144,000

Gross Revenue: $1,020,000

EBITDA: N/A

FF&E: N/A

Inventory: $100,000*

Rent: $2,400 /Month

Established: 2018

*not included in asking price.

Liquor; Rev $1.02M, Net $144K, Asking $590K, Inglewood

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Business Description

> A liquor store with moderate sales at a small strip center in the intersection corner. It's a street retailer with good exposure, good visibility.
> About a year ago, liqour strore was started by seller, who did not know liquor business well and never liked it after purchase. So tryng to sell it.
> More African-American and Hispanic neighbors reside in the area
> EBT accepted, additional income through Lotto/Lottery and ATM
> Below is a quick overview of operations and finance:
• Gross sales are $85,000/mo on average
• Net income is $12,000/mo on average, including extra income of Lotto/Lottery, ATM
• Rent is $2,400 including 3 Net
• Lease is 4+5
• 2 full-time and 2 part-time staff work. Wife and husband works alternatively just as needed
• Employee wages paid for are about 6,500/mo including payroll tax
• Business hours are from 6:00 am to 12 am, 7 days a week weekend
• Sales taxes pais out are about $2,800/mo on average
• There are 14 coolers w/good working condition
• Run for 7 yrs by seller
• Side parking space available
• Term business loans are available w/50% or $345,000 down payment for 5 years
• Online Non-disclosure Agreement (NDA) is attached for your convenient. Just sign and return for DBA and/or address
• For more information, email Kevin Kim at beerealty.kim@gmail.com

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
2/28/2028
Employees:
4
Facilities:
14 coolers, including reach refrigerators, EBT accepted
Competition:
Yes. Loca liquor, Market
Financing:
N/A
Support & Training:
14 days after closing escrow
Reason for Selling:
Poor managing
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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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