Liquor Store - High Vol, low rent, Short hours, LA

Los Angeles County, CA
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Asking Price:$269,000
Gross Revenue:$840,000
FF&E:$50,000
Cash Flow:$42,000
Inventory:$100,000
Established Year:2004
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.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Los Angeles County, CA
Inventory
Not Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
2 @ 5 years option
Reason for Selling
Personal
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