Liquor store in desireable area

Arcadia, CA
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Asking Price:$299,000
Inventory:$100,000
Gross Revenue:$540,000
BUSINESS DESCRIPTION

This liquor store is situated in a secure neighborhood with a middle-class population. The current owner is experiencing a decline in health and wishes to sell the business quickly. The store is currently fully managed by staff. The license has no specific conditions. Additional income is generated from Lotto, ATM, and Bitcoin machines. The rent is relatively low for the 1,800 sq. ft. space, and the extra income covers the rent and utility costs.


DETAILED INFORMATION
Location
Arcadia, CA
Inventory
Not Included in asking price
Employees
2
Facilities
Parking in the real about 1,800 sq. ft
Competition
No immediate competition
Financing
possible for SBA loan
Support & Training
2 weeks after closing of the escrow but negotiable
Reason for Selling
seller had a major operation and needs to retire
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William
Yoo
Sky Commercial Real Estate
William Yoo