Liquor Store

Liquor Store

Expired

$229,000.00

Listing Number :

 6304

Status :

Expired

Price :

$229000

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Area

2,500

Description

This is an amazing opportunity to buy, run and grow this beautifully remodeled Liquor Store in L.A. area with plenty of upside. This 2,500 sq.ft. building is located on one of the biggest and busiest through fares in all of Los Angeles. The business is in very close proximity to many residential units including homes and apartment buildings and is flanked on both sides by Hotels, which also provides the opportunity for delivery services. Base Rent is $5,000/m with 13 x years left lease plus 2 x 5 years option. Business does well and has plenty of opportunity for growth for new owner;

1- beautifully remodeled store fully equipped with everything you need to
start your business immediately; all equipment is in good and operating
condition per owner.
2- Very high upside, though still performing well, seller claims his currently reporting Annually $106,000 with limited hours.
3- Proximity to Hotels, Apartment Buildings and homes provides new owner with an already established customer base with little to no marketing, Coffee machine also included for new owner to capitalize on early morning opening time.
4- The store is located in a very secure lot with a private gate that automatically closes.
5- Purchase price does not includes Inventory, Cigar Humidor, Security rolling gate and Camera Systems, Walk in Cooler about (40ft x 11ft).
6- Cigarette, Cigar, and Hookah Sales as well with big upside.

“Business is owner operated and owner claims about $106,000 as an owner-operator with no employees” # 6304

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Liquor Store
License(s) Required: Business, Heath, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6304
Date Available: 8/14/2020
Reason For Sale:
Annual Total Revenue: 106,000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 5,000/m
Lease Expires: 2033
Lease Option:
NNN:
 
Financing Information
Down Payment: 299,000
Owner Will Carry:
Other Finance Terms:

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