Liquor Store, Lotto w Low Rent, High Profit
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Background
| BizEx ID: | BizEx455-MS |
|---|---|
| General Location: | Simi Valley, CA |
| Category: |
Convenience Stores Liquor Stores |
| Years in Business: | 6 |
| Under Present Owner: | 6 |
| Hours of Operation: | M-Sun 10 am - 10 pm |
| Owner Hours: | Full time |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | |
| Lease Expiration: | 2014 |
| Lease Options: | 1 @ 3 Years |
| Building Size: | 1,700 |
| Employees: | 1 |
| Reason for Sale: | Owner moving out of state |
Financials
| Asking Price: | $249,000 |
|---|---|
| Down Payment: | $249,000 |
| Gross Sales: | $565,000 |
| Discretionary Cash Flow: | $140,000 |
| FF&E: | |
| Inventory Included? | |
| Inventory: | $60,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $2,000 |
| Financing: | Call |
| 2010 | 2011 | |
|---|---|---|
| Gross Sales | $ 488,000 | $ 565,000 |
| Gross Profit | $ 170,000 | $ 197,750 |
| Disc. Earnings | $ 109,000 | $ 140,000 |
