Liquor Store in Los Angeles - Greater South Gate
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This listing is: Off Market
Background
| BizEx ID: | BizEx1133-AK |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Liquor Stores Food & Kindred Products |
| Years in Business: | 46 |
| Under Present Owner: | 7 |
| Hours of Operation: | 9-11 mon-thur & sun, 9am-1am fri & sat, |
| Owner Hours: | absentee |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | Sole proprietor |
| Lease Expiration: | 9/2018 |
| Lease Options: | one 5yr |
| Building Size: | 2200sf |
| Employees: | 3 |
| Reason for Sale: | Other Business Interests |
Financials
| Asking Price: | $140,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $560,352 |
| Discretionary Cash Flow: | $90,000 |
| FF&E: | $50,000 |
| Inventory Included? | No |
| Inventory: | $30,000 |
| Min. Operating Capital: | $15,000 |
| Real Estate Available? | No |
| Rent: | $2,350 |
| Payroll: | $4,500 |
| Financing: | Other |
| 2019 | 2018 | 2017 | |
|---|---|---|---|
| Gross Sales | $ 560,352 | $ 576,342 | $ 557 |
| Gross Profit | $ 191,430 | $ 194,920 | $ 191,750 |
| Disc. Earnings | $ 72,238 | $ 82,810 | $ 81,833 |
