Liquor: Sales $600K, Net $96K & Up, Rent $3.5K/m, Asking $250K, LA

Los Angeles, CA (Los Angeles County)

Liquor: Sales $600K, Net $96K & Up, Rent $3.5K/m, Asking $250K, LA
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Asking Price: $250,000

Cash Flow: $96,000

Gross Revenue: $600,000



Inventory: $45,000*

Rent: $3,500 /Month

Established: 2012

*not included in asking price.

Liquor: Sales $600K, Net $96K & Up, Rent $3.5K/m, Asking $250K, LA

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Business Description

More likely small-volume sale liquor store, indeed gross sales slightly less than $50,000 a month. Located in wall-to-wall strip mall and surrounded by more Hispanic neithborhoods. Sorry for no parking space on the premise, but more than 14 street parking is available. So, monthly rent is far below the market. It's only $3,500 including 3 Nets /Cam. Average margin is less than 26% due to keen competition. Express SBA loan is available w'50% down. Below is a brief overview of sales and finances.
• Gross sales: $50,000/m
• Net income: $8,000 & Up/m
Including an extra income of $2,500 Lotto/Lottery. Yes ATM
• Average margin is 25.3%
• No EBT accepted
• Current all-in rent is $3,500/mo
• Size is 1400 sq. ft
• Lease remains 4 +5
• One full-time employee
• Operated for six years by seller
• Monthly sales taxes average $2,000
• There are 7+5 coolers
• Parking is tough as it's all street parking
• Express SBA loan very possible w/qualified buyer with 50% down, 720+ FICO, and at least 2 years same or similiar business experience
• To get a loan approval. buyer must prove appropriate financial statement, sufficient down payment in the bank account seasoned more than 90 days

Detailed Information

Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
1 FT
Type #21 On-Sale, 7+5 coolers. No EBT accepted, 15 street parkings, Next to anchor tenant, Located in Hispanic area
Local liquor stores, markets
Support & Training:
2 week after closing
Reason for Selling:
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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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