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
Contact Seller

Asking Price: $250,000

Cash Flow: $96,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

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

Save Print Share Valuation Report

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

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
12/31/2027
Employees:
1 FT
Facilities:
Type #21 On-Sale, 7+5 coolers. No EBT accepted, 15 street parkings, Next to anchor tenant, Located in Hispanic area
Competition:
Local liquor stores, markets
Financing:
None
Support & Training:
2 week after closing
Reason for Selling:
Retirement
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1547610 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Anchor Bar

Franchise Opportunity
Capital Required: $500,000