Realize Your Dream As A Liquor Store Owner
Location:
United States
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California
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Southern California - Los Angeles Area
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Burbank
Industry: Food and Beverage > Liquor Stores
Business Summary
Asking Price $169,000. Email or call Vic 818-571-5628. Looking for a career you can count on? How does being the owner of the well-established liquor store in City of Burbank? Centrally located on the main street, high income neighborhood close to Entertainment companies adjacent to Media Center, this liquor store for sale is a prime business opportunity for anyone seeking to transition into this recession-proof industry. Buyers will find low overhead and a favorable mix of wine vs. liquor sales (65% vs. 35%) that can easily be improved with aggressive marketing and in-house events targeting the ideal demographic make-up of the surrounding community.
Great profit margin and cheap rent only $1,912 for 1,335 Sq. Ft., makes this an excellent opportunity for motivated owner to make a good living in this difficult time.
Potential to add Grocery, Vitamins and Lottery, Etc.
Inventory of $60,000 not included in the sale.
Marketing: Excellent corner location with very high visibility with assigned parking spaces in front side and rear.
Strengths & Opportunities: You and one helper can run this place without any issues... very simple operation with very stable income. Please call to gain access to this business.
Owner is running the business by himself and has no support from his family members or relatives, he couldn't find any reliable person to help him out.
One full time Employee is added (adjusted) in the expenses based on minimum wage for the purchaser.
Area, Facilities & Equipment: All very beautiful shelving, counters, 17 doors display Coolers 8 Years Old & masc. Supplies are included in the sale as a Turn Key.
Interior has been remodeled and looks very nice and neat, very clean Liquor Store.
Financial Summary: Based on adjusted 2008 Tax return.
Lottery income approximately $40,000 included in the Gross Revenue in 2008 Tax Return but currently the business has No lottery, the Buyer has the option to add it.
Owner will carry a note for $30,
Financials
Asking Price Range: < $250K
Gross Revenues:
$310,445
Cash Flow:
$24,318
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1997
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks 40 hours per week.
Reason For Selling: No family member to support.
Photos
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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: 700107553
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