Liquor Store, Low Rent (Burbank)

Burbank, CA
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Sale Pending
Asking Price:$129,000
Established Year:1991
Inventory:$50,000
BUSINESS DESCRIPTION

Description:

Originally established at this location from 1991 and has been under current ownership since 2022. Ideally located right next to major national franchise restaurant. The seller decided to shut down the business operation due to other business interests. In its heydays, this Liquor Store was known for a variety of alcoholic beverages, including wines, spirits, beers, snacks and convenience store items. The surrounding area is a vibrant mix of residential and commercial spaces, featuring notable attractions like Warner Bros. Studio Tour Hollywood and Disney Studios. Great upside potential for Buyers by extending business hours and adding more diverse inventory to cater young clientele.



Equipment: POS, 6-door Walk-in cooler, Reach-in cooler, Liquor wall shelving, Wine display, Security system with DVR, and much more. A complete list of equipment is available with the Listing Broker.

General Information: Organization: Corporation | Bldg Size:1,600 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, ABC Type-21 Liquor Lic. (Included & Transferable), Tobacco License | Hours: Business not in operation due to Seller’s choice | Reason for Sale: Other Business Interests |

Lease Information:

Rent: $1,500/m

Lease: Sellers lease term thru 2026. Eligible buyer will get long term lease.



Revenue: N/A – Asset Sale



Financing: All Cash

All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.


DETAILED INFORMATION
Location
Burbank, CA
Inventory
Not Included in asking price
Facilities
Equipment: POS, 6-door Walk-in cooler, Reach-in cooler, Liquor wall shelving, Wine display, Security system with DVR, and much more. A complete list of equipment is available with the Listing Broker.
Financing
All cash.
Support & Training
Seller training available.
Reason for Selling
Other Business interests.
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HARRY
SIDHU
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HARRY SIDHU