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 |