Liquor Store On High Volume Intersection
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
Improved Liquor Store For Sale Within 1 Block Of Hollywood Freeway On A Major Intersection With High Volume Traffic Due To Gas Station At Intersection. Store Has A Lot Of Repeat Local Customers And Some From The Traffic Exiting The Freeway. Business Has Grown Significantly Since The New Owner Has Taken Over. Seller Has Improved Building With New Interior Flooring, Interior Paint And Large Exterior Signs.
Store Has Liquor, Beer, Convenience Items, Lotto, Western Union And Phone Cards. Store Has 1,500 Sq Ft. And Rent Is Only 1,700 Per Month Gross With 8 Yrs Left On Lease With Option For Another 5 Yrs. Margins Are Extremely High Between 45% To 50% Due To Sellers Unique Approach To Buying Inventory.
Sales Are A Minimum Of 35,000 Per Month.
Seller Estimates Take Home Of At Least 100,000 Per Year.
Inventory Is Valued At Around 50,000.
Hours Are M-Sat From 8-12pm. Sun From 8-11pm.
Seller Is Seeking An All Cash Purchase. Purchase Price Is $375,000 Plus Inventory.
All Information Is Provided By The Seller And Is Believed To Be Reliable.
Versant Business Team, Inc. Or Its Employees Have Not Verified Any Of The Information Or Facts About This Business. Buyer Takes On All Responsibility For Due Diligence Regarding The Evaluation Of This Business. Buyer Is Advised To Talk To Accountants, Cpas And Attorneys Before Making An Decision On A Business Purchase.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$420,000
Cash Flow:
$100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $50,000
Seller Financing: No
About The Business
Year Established: 2005
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: As negotiated.
Reason For Selling: Seller is going to start a new business.
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: 700111655
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