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