Liquor Store For Sale
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Food and Beverage > Liquor Stores
Business Summary
Incredible opportunity to obtain a liquor store and Liquor License for FREE! That's right, FREE! There is more! The Landlord will pay you $60,000 for Liquor Purchase, and $60,000 for Leasehold Improvements to beautify the place. (Total is $120,000 given by the landlord, you can play with the numbers, ex. 80K for the liquor, 40K for the set-up) If the buyer is qualified and approved by the Landlord, buyer can get 1 or 2 months of free rent to help you get started! Very favorable lease rate for approved and qualified operator. All we need is a credible, reliable and experienced liquor store operator with good credit history. You can commit for 7,000 s.f. of space or we can subdivide it for you to 3,000 s.f. or 4,000 s.f. Landlord owns Liquor License which will be transferred to new buyer who is qualified to run the store and assume a long term lease. (Market value of liquor license in the area 30-50K, landlord will transfer it to the approved tenant for $1.00 (One U.S. Dollar)) Previous Liquor Store owner was doing approximately $35K-40K per month gross sales with $9K-10K net profit. Great potential for the cigar or hookah lounge, wine tasting events and other creative ideas! Excellent location on busy street surrounded by high volume anchored tenants. Not a penny out of your pocket, a little effort, desire to succeed and you are set! Potential tenants' credit history and criminal records will be checked, please be considerate and act accordingly. Projected Lease is going to be somewhere around $2.20-$2.40 per s.f. including NNN. If you commit for a REALLY LONG LEASE, you can probably negotiate more favorable financial terms with the Landlord.
Financials
Asking Price Range: < $250K
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $120,000
Seller Financing: No
About The Business
Year Established: 1994
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
Click on the "I'm Interested" button above for more information on this Food and Beverage > Liquor Stores business for sale.
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Print Listing Id: 700113257
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