Liquor & Property; Revenue $1.2M, Net $240K, SBA Ava, at $2.9M, LA

Los Angeles, CA (Los Angeles County)

Liquor & Property; Revenue $1.2M, Net $240K, SBA Ava, at $2.9M, LA
Contact Seller

Asking Price: $2,900,000

Cash Flow: $240,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: N/A

Inventory: $200,000*

Real Estate: $2,000,000

Established: 2012

*not included in asking price.

Liquor & Property; Revenue $1.2M, Net $240K, SBA Ava, at $2.9M, LA

Save Print Share Valuation Report

Business Description

Liquor & Property; Revenue $1.2M, Net $240K, SBA Ava, at $2.9M, LA

> Decent sales Liquor and property in a corner strip center. Open for 6 days. Closed on Sundays. Semi owner-absentee. Mostly operated by staff. Surrounded by a large African-American community and some Hispanic neighbors
> This liquor store is located in the middle of the town, so all the residents are customers and in this area it is essential for the residents. So the sales are steady.
> EBT accepted, No CUP enforced for this facility
> Here is a price breakdown and property information
• Business price: $900,00 • Bldg./Property price: $2 million • Total asking: $2.9 million
• Bldg. size: 5,508 sq.ft (Stor size: 2,400 sq. ft.) - Lot siae: 12,887 sq. ft
• Built in 1978
> Below is a quick overview of operations and finance:
• Monthly gross sales are $100,000 on average
• Montjhly net income is $20,000 on average
• 4 full-times work: Wages paid for are approx.10,500/mo including payroll
• Extra income
- Lotto/Lottery: $3,500/mo, ATM: $400/mo, Unit rental income: $2,083/mo
• Business hours are from 7:00 am to 11 pm, Mon-Thu, and 7:00 am to 1:00 am on weekend, and closed on Sundays
• Sales taxes are about $5,000/mo
• There are 19 coolers w/good working condition
• Run for 7 yrs by seller
• Decent 15 parking spaces in front of store
• SBA loans are available with a 30% or $870,000 down payment
- For a loan of $2,030,000, a monthly installment of $14,673 will be repaid at 7.25% annum for 25 years
- Loan terms or interest rates can be negotiated based on the buyer's credit rating
- Price is also negotiable
• 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

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,508
Employees:
4
Facilities:
6-day open business, 21 Coolers with good working condition, 15 parking spaces, EBT accepted, Extra rental income of $2,080 with long term lease, No CUP enforced, Owner can use 2nd floor
Competition:
Yes.
Growth & Expansion:
Open for Sunday
Support & Training:
2 weeks after closing escrow
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#:1600658 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


Greenbelly

Franchise Opportunity
Capital Required: $229,000