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Retail Liquor Store
Location: United States -> California -> Southern California - All Southern California -> San Fernando Valley
Industry: Food and Beverage > Liquor Stores




Business Summary

Located in a safe industrial neighborhood in the San Fernando Valley, this 2000 sq. ft. store has a very reasonable rent ($2920) with good lease terms. It was established in 1988. With current owner since 2002. Good loyal customer base. Annual Lotto commission for last year was $35,000! Annual check cashing commission is about $40,000! They do check cashing for regular, loyal employees of nearby companies only. They charge 1% commission plus $1 per check.

During the recession, did over one million dollars in check-cashing per month. Currently does about $350,000 per month. Being in an industrial area the store hours are short. Safe location with good street-front visibility and parking. Located on a main boulevard. One full time employee is willing to stay with new owner. He is employed here since the last 8 years. Does a monthly sale of around $50,000.

Majority of the sales are beer, liquor and sodas with good margins. Has a 14-door walk-in cooler system. Two years ago, new compressor was put in. New owner can introduce coffee, sandwiches or maybe have a small deli for the neighborhood workers! ATM brings in an additional $2500 per year. Ample scope to increase revenues. Seller has another store in Norther California. Wants to move there. Excellent store for owner-operators.

For more information contact Mike Jasani on cell/text phone 818-723-5150


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $2
Cash Flow:   $120,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1988
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Reason For Selling:  Moving




Print Listing Id: 700273821
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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