Decent Vol Liquor: Rev $1.2M, Net Income $120K, Prc $650K, LA

Sunset Beach, CA (Orange County)

Decent Vol Liquor: Rev $1.2M, Net Income $120K, Prc $650K, LA
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Asking Price: $650,000

Cash Flow: $120,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $0

Inventory: $80,000*

Rent: $6,365 per Month

Established: 2013

*not included in asking price.

Decent Vol Liquor: Rev $1.2M, Net Income $120K, Prc $650K, LA

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Business Description

A old-fashioned liquor store with decent sales volume and net income in Sunset Beach. Less competition. ABC license included. 8 years in business. The business was stable. Offering good parking space. No check cashing and EBT. Potential to grow for experienced buyers. A favorable long-term lease of 9 years remaining with a rent of $6,365 for 1,750 sq. ft. premise size. See below for details:
• Monthly gross sales average $100,000 after the pandemic in 2020, and stable up to date
• Total monthly income is about $10,000, which includes an additional income of $1,200 Lotto/Lottery sales.
• Decent margin averages 30%
• Current all-in rent is $6,325, including NNN / CAM. Increase by CPI annually
• Current lease set to end in 9 years and lease assignment OK, but no options available to the buyers. Must have an extra work or relationship w/the landlord post purchase
• Sq. Ft is approx. 1,750
• Open hours are from 8 am to 10 pm, 7 days
• Operated for 8 years by the seller
• Term business loan w/a 50% down available, including approx. $80,000 value of inventory.
• To be eligible for commercial loans and/or a new lease approval, buyers must prove 700+ FICO, sufficient funds and down payment in the bank account seasoned over 90 days and at least 2 years business experience in the same field
• NDA is required for a walk-by. Sign and return attached online NDA
• Email Kevin at beeinvest.kim@gmail.com / (714) 345-6514
• To get detailed financial information, commercial loan or purchase procedures for this business opportunity, provide the signed PEAD form, PFS, Proof of funds and/or credit score
• Note
- The business summaries and financial information posted here are deemed reliable and are obtained from trusted sources
-However, it is recommended that the use of this information is limited.
- The broker and / or its agent shall not be held liable for such information whether or not it is true.
- The buyers have the right to check books and records during the given due diligence period.
- Also, your agent will provide the right guidelines during the entire purchase process in a timely manner.

Attached Documents


Detailed Information

Location:
Sunset Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,750
Lease Expiration:
1/31/2030
Employees:
2
Facilities:
12 coolers, No EBT accepted
Competition:
Yes
Financing:
Commercial loan w/50% down available
Support & Training:
2 weeks after closing escrow
Reason for Selling:
Having an another business
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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