Liquor Store – High Vol, low rent, Short hours, LA

This well-established liquor store is perfectly located in the lively GLENDALE neighborhood, serving a loyal customer base from the surrounding community. After 7 years of successful operation and hands-on management with the support of dedicated employees, the current owner is now ready to retire. This offers a fantastic opportunity for a new owner to take over a thriving business in a bustling area.

Monthly Average Gross: $70,000

Monthly Rent: $4,600

Lease Terms: 3 years, with 2@5-year options

Store Size: 1,700 sq. ft.

Operating Hours: 7AM - 8PM / NO CONDITION / EXTEND THE HOURS.

Employees: 3 Part-Time

Wages: $6,500/month

Extra Income: $1,000 from lottery sales, $200 From Water Machine.

Down Payment: $269,000

Total Sales: $840,000

Cash Flow: $42,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $50,000

FFE Included: Yes

Inventory: $100,000

Inventory Included: No

Year Established: 2004

Days & Hours of Operation: 7 days 7am to 8pm.

Owner Hours Per Week: Full Time

Non-Owner Payroll: N/A

Employees: 3

Absentee Owner: No

Lease Option: 2 @ 5 years option

Real Estate: N/A

Monthly Rent: $4,600

Type of Location: Street Center

Square Footage: 1700

Franchise: No

Reason For Sale:

Personal