Liquor: Lots of Spirits Sales, Rev $640K, Net $132K, Prc $299K

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Liquor: Lots of Sprits Sales, Rev $640K, Net $132K, SBA OK, Prc $299K, E.LA
Asking Price:
$299,000

Gross Revenue:
$630,000
Cash Flow:
$132,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$120,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

A realistic liquor store with lots of spirits sales, which accounts for more than 70 % of the total sales. Fine cigars are sold here at 15% margin. A free stand bldg well exposed at the corner of signal intersection. EBT accepted. Ample parking space with convenient excess. 25 years in business. Cutting-edge scanning system equipped recently. For more details, see below:
• Monthly gross sales average $52,500 or more
• Monthly net income is over $11,000, including an average of $3,200 a month for additional Lotto/Lottery income * Lotto / Lottery commission income was $42,000 in 2018
• Margin averages 35%
• Current rent is $5,110, including 2 Nets/CAM
• Sq. Ft is approx. 3000
• 2.5 yrs leftover on the current lease plus 5-yr option
• Open hours are from 9 am to 10 pm Mon - Sat, and til 7 pm on Sun
• More than 14 parking space in front
• Express SBA loan w/a 50% down is available, including $120,000 value of inventory.
• To get loan and/or lease assignment approval, buyer must prove sufficient funds such as personal financial statement, 700+ FICO, sufficient down payment in the bank account seasoned over 90 days and at least 2 years similar business experience
• NDA is required for a walk-by. Sign and return attached online NDA
• For more details, contact Kevin Kim at beeinvest.kim@gmail.com
• Note: If you are a ready buyer and interested in learning more about this liquor store or are serious about purchasing it, you are highly encouraged to come to our office to get the financial details, purchase-loan procedures, lease or more profitable liquor store listings that may best fit your needs.

About the Business

Location:
Covina, California
Year Established:
1994
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$5,110.00 Per Month
Lease Expiration:
5/31/2027
Facilities:
12 coolers plus 12 reach-in, Wine room, Cigar room, Advanced scanning system, Free standing, Ample parking, Located at signal corner intersection
Market Outlook/
Competition:
Liquor stores, markets
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks after closing
Seller Financing:
N/A. Commercial or SBA loans Possible

Listing Info

ID:
1658451
Ad Detail Views:
0

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Business Listed by

Kevin Kim

Bee Realty Group
License# 01922126

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