Liquor Store - High Vol, low rent, Short hours, LA
Glendale, CA
| Asking Price: | $269,000 |
| Gross Revenue: | $840,000 |
| Rent: | $4,600/Month |
| Established Year: | 2004 |
| Cash Flow: | $42,000 |
| Inventory: | $100,000 |
| FF&E: | $50,000 |
Listing ID: 2281507Listing provided by BizBuySell
BUSINESS DESCRIPTION
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: 3 years, with 2@5-year options
Store Size: 1,700 sq. ft.
Operating Hours: 7AM - 8PM / NO CONDITION / EXTEND THE HOURS.
Employees: 3 Part-Time
Wages: $6,500/month
Extra Income: $1,000 from lottery sales, $200 From Water Machine.
DETAILED INFORMATION
Location
Glendale, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,700
Lease Expiration
31/03/2037
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Reason for Selling
PERSONAL
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