Liquor Store – 12 Years in Business – Retiring – Koreatown, Los Angles

Listing ID - 01985464JH

This well-established liquor store is ideally situated in the vibrant neighborhood of Koreatown.

It boasts a loyal customer base from the surrounding community.

After 12 years of successful operation and hands-on management alongside dedicated employees, the current owner has decided to retire.

This presents a fantastic opportunity for a new owner to take over a thriving business in a bustling area.

Monthly Avg gross: $50,000
Monthly rent: $5,500
Lease terms: 5 / 2@3 years option.
Store size: 1,800 sf.
Open hours: 9am-11pm
Employees: 2pt
Wage: $3,000/mo.
Extra income: $2,000 lottery, $150 atm.
Financing: cash only

Down Payment: $299,000

Total Sales: $600,000

Cash Flow: $78,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $10,000

FFE Included: No

Inventory: $80,000

Inventory Included: No

Year Established: 1999

Days & Hours of Operation: 7 Days (9am to 11pm)

Owner Hours Per Week: Full Time

Non-Owner Payroll: N/A

Employees: 2

Absentee Owner: No

Lease Option: 2 @ 3 years

Real Estate: N/A

Monthly Rent: $5,500

Type of Location: Street Center

Square Footage: 1800

Reason For Sale:

Retiring