Liquor-Rev $1.08M, Net $ 186K, Asking $630K, SBA OK, LA

Los Angeles, CA (Los Angeles County)

Liquor-Rev $1.08M, Net $ 186K, Asking $630K, SBA OK, LA
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Asking Price: $630,000

Cash Flow: $198,000

Gross Revenue: $1,080,000

EBITDA: N/A

FF&E: N/A

Inventory: $99,000*

Rent: $4,500 /Month

Established: 1988

*not included in asking price.

Liquor-Rev $1.08M, Net $ 186K, Asking $630K, SBA OK, LA

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Business Description

Liquor store with 20 year establishment located in a wall-to-wall strip mall. Store looks old, but maintain a steady sales and solid income over the past 20 years and will continue to be stable becuase of the location surround by more Hispanic nad African-American neighboorhoods.
Business breakdown by a mont is as follows
• Gross sales are $92,000 a month
• Net profit is anywhere between $15,000 and $16,000 a month
• Extra income: $2,150, including $1,800 Lotto/Lottery income
• EBT accpeted
• Seller is the landlord
• There are 21 coolers
• Monthly rent payment is $4,500 including NNN
• Lease has a 5-year and 2x5-year option
• Employee: 3 FT, 1 PT, and 2 owners work alternatively
• Wages are about $8,000 a month
• Sales taxes paid out a month average $4,000
• Established for 20 years by the same owners
• Store hours: Mon-Sun from 7:30 am to 11:00 pm
• Limited parking or street parking in front
• If SBA laons is made w/$210,000 cash down or 30% down, including $100,000 inventory purchase, a loan payment of $4,925 per month is made for 10 years

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
4/30/2034
Employees:
4
Facilities:
Seller is the landlord, 21 coolers, 20-year established, SBA loan is available
Competition:
Yes.
Growth & Expansion:
They did little or no promotion/advertising. Increase ad and upsale the sales
Financing:
None
Support & Training:
2 weeks after closing
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

Show Phone Number

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