Liquor-Rev $1.08M, Net $ 186K, Asking $630K, SBA OK, LA

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Business Description

Liquor store with 20 year establishment located in a wall-to-wall strip mall. Store looks old, but maintain a steady sales and solid income over the past 20 years and will continue to be stable becuase of the location surround by more Hispanic nad African-American neighboorhoods.
Business breakdown by a mont is as follows
• Gross sales are $92,000 a month
• Net profit is anywhere between $15,000 and $16,000 a month
• Extra income: $2,150, including $1,800 Lotto/Lottery income
• EBT accpeted
• Seller is the landlord
• There are 21 coolers
• Monthly rent payment is $4,500 including NNN
• Lease has a 5-year and 2x5-year option
• Employee: 3 FT, 1 PT, and 2 owners work alternatively
• Wages are about $8,000 a month
• Sales taxes paid out a month average $4,000
• Established for 20 years by the same owners
• Store hours: Mon-Sun from 7:30 am to 11:00 pm
• Limited parking or street parking in front
• If SBA laons is made w/$210,000 cash down or 30% down, including $100,000 inventory purchase, a loan payment of $4,925 per month is made for 10 years

About the Business

Year Established:
1988
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Rate/Sq. Ft./Mo.:
$4,500.00
Lease Expiration:
4/30/2034
Facilities:
Seller is the landlord, 21 coolers, 20-year established, SBA loan is available
Market Outlook/
Competition:
Yes.
Growth & Expansion:
They did little or no promotion/advertising. Increase ad and upsale the sales
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About the Sale

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

Listing Info

ID:
1498697
Ad Detail Views:
501
Asking Price:
$630,000

Gross Revenue:
$1,080,000
Cash Flow:
$198,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$99,000
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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U.S. Census Data for Los Angeles County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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