B/W Market: Gross $840K, Net $180K & Up, SBA OK, at $450K, LA

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B/W Market: Gross $840K and Up, Net $180K & Up, SBA OK, at $450K, LA

Business Description

Typical Beer & WIne market. Free standing. Eleven yeras operated by seller. 6-day run business, closed on Sunday. EBT accepted. L/C Type #20
Here is a quick overview of operation and financials
• Gross sales are $70,000/mo on an average
• Net profit is anywhere between $18,000-19,000/mo on an average, including an extra income of $10,500 a month ($8,500 of Lotto/Lottery, $1,100 of ATM, $450 of Water, $800 of Mics.)
• Total 9 coolers
• EBT accpeted
• All in rent is $4,500, including 3 N / CAM
• Store size is approx. 2000 sq. ft
• Lease remains 5-yr plus 5-yr option
• Employee: 1 FT, 1 PT
• Wages are about $4,000 a month
• Sales taxes paid out average $1,700/mo
• Run for 11 years by the seller
• Store hours: Mon-Sat from 8:30 am to 8:30 pm, and Sun closed
• Parking OK
• SBA loan is available w/$150K down (about 30%) including $45,000 in inventories. $5,220 a month to be paid over 10 yrs

About the Business

Year Established:
2007
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Rate/Sq. Ft./Mo.:
$4,500.00
Lease Expiration:
9/30/2028
Facilities:
9 coolers, Frre standing store, EBT accepted-sales about $6,000 a month
Market Outlook/
Competition:
Local liquor stores, Local markets,
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks after closing an escrow
Seller Financing:
None

Listing Info

ID:
1545005
Ad Detail Views:
191
Asking Price:
$450,000

Gross Revenue:
$840,000
Cash Flow:
$18,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$45,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Kevin Kim

Bee Realty Group
License# 01195918

 Show Phone Number

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