Liquor: Semi-absentee, Rev $1.1M, Net $228K, SBA Ava, at $689K, LA

Downey, CA (Los Angeles County)

Liquor: Semi-absentee, Rev $1.1M, Net $228K, SBA Ava, at $689K, LA
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Asking Price: $689,000

Cash Flow: $228,000

Gross Revenue: $1,080,000

EBITDA: N/A

FF&E: N/A

Inventory: $150,000*

Rent: $7,000 /Month

Established: 2014

*not included in asking price.

Liquor: Semi-absentee, Rev $1.1M, Net $228K, SBA Ava, at $689K, LA

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Business Description

Liquor store w/4 yrs establishment located in a wall-to-wall strip mall in E. LA
Business breakdown by a month is as follows
• Monthly gross sales are $90,000 on average
• Net profit is anywhere between $18,000 and $20,000,
• Including an extra income of $3,750 as follows: checking $1,000, Lotto/Lottery $2,000 and ATM $250
• total 25 coolers, inluding refrigerators
• EBT accpeted
• All in rent is $7,000
• Decent store size is 2500 sq. ft
• Lease has 6-yr and 2x5-yr option
• Employee: 1 FT, 2 PT
• Wages are about $6,000 a month
• Sales taxes paid out a month average $4,500
• Run for 4 years by the seller
• Store hours: Sun-Thu from 8 am to 11 pm, Fri & Sat till 12 am, and Sun till 10 pm
• Ample Parking in front, real and side
• SBA loan is possible w/30% down. Amortization of $6,500 a month is expected over 10 yrs

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
12/31/2024
Employees:
3
Facilities:
25 coolers, EBT accepted
Growth & Expansion:
Open longer hours
Financing:
None
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
Contact Seller

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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