Liquor Store - High Vol, Low Rent, Short Hours, LA
Not Disclosed, CA Los Angeles County
Asking Price:
$269,000
Annual Revenue:
$840,000
Request More Information Contact the Seller
- RE: Liquor Store - High Vol, Low Rent, Short Hours, LA
- Contact: Jonathan Hwang
- License #: 01995716
Quick Facts
| Asking Price: | $269,000 | |
| Annual Revenue: | $840,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $42,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 3 | |
| BBN Listing #: | 953568 | |
| Broker Reference #: | 5510 JH |
Business Overview:
This well-established liquor store is perfectly located in the lively GLENDALE neighborhood, serving a loyal customer base from the surrounding community. After 7 years of successful operation and hands-on management with the support of dedicated employees, the current owner is now ready to retire. This offers a fantastic opportunity for a new owner to take over a thriving business in a bustling area.
- Monthly Average Gross:$70,000
- Monthly Rent:$4,600
- Lease Terms:Â 3 years, with 2@5-year options
- Store Size:1,700 square feet.
- Operating Hours:Â 7AM - 8PM / NO CONDITION / EXTEND THE HOURS.Â
- Employees:Â 3 Part-Time
- Wages:$6,500/month
- Extra Income:$1,000 from lottery sales, $200 From Water Machine.
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Reason for Selling:
PersonalAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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