Liquor Store, Lotto w Low Rent, High Profit

Home / Listing / Liquor Store, Lotto w Low Rent, High Profit

Sold

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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations