Hi Margin (45%),seller Over 16 Yrs, Low Rent($2800),lots Of Apts

Upland, CA (San Bernardino County)

Hi Margin (45%),seller Over 16 Yrs, Low Rent($2800),lots Of Apts
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: $650,000

EBITDA: N/A

FF&E: $5,000

Inventory: $40,000*

Rent: $2,800 per Month

Established: 1970

*not included in asking price.

Hi Margin (45%),seller Over 16 Yrs, Low Rent($2800),lots Of Apts

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Business Description

*HUGE POTENTIAL OF UPGRADING ABC LICENSE FROM #20 TO #21
* SELLER OVER 16 YEARS
* VERY HIGH MARGIN OVER 45% EVEN BEER 40%
* GROSS SALES: JAN $47,306, FEB $45,628, MARCH $53,503
LOTTO/LOTTERY SALES NOT INCLUDED IN GROSS SALES
* EXTRA INCOME: COMISSION INCOME FROM CA LOTTO/LOTTERY $15K/YR
COMISSION INCOME FROM TOY MACHINE $100/MO
COMISSION INCOME FROM AMAZON CO $40/MO
NET INCOME FROM PROPANE SALES $500/MO
COMISSION INCOME FROM ARM MACHINE: $85/MO
*STORE SIZE; 2000 SQ.FT. / RENT $2,800 (ALL) TENNANT DOES NOT PAY TRASH BILL
* NEIGHBORHOOD RETAIL CNETER (APPROX MORE THAN 10 UNITS) WITH AMPLE PARKING LOTS/ STORE SITTING ON THE FIRST SPACE FROM THE STREET
* LOTS OF APARTMENT COMPLEXES BEHIND THE STORE
* BIZ HOUR: 8:00AM--9:30/10:00PM
BIZ HOUR CONDITION ON ABC LICENSE: 8:00AM--10:30PM
* UPLAND IS ONE OF THE BEST LIVING CITIES IN INLAND EMPIRE (RIVERSIDE & SAN BERNARDINO COUNTY)

* NO CHECK CASHING, NO MONEY ORDER, NO MONEY TRANSFER

Detailed Information

Location:
Upland, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
FEW COMPETITION
Growth & Expansion:
GOOD POTENTIAL WITH FRESH BIZ MINDED OWNER
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(from currently available funds)
 
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John Lee

Business Listed By:
John Lee

Sexton Commercial Brokerage


Sponsoring Broker:
Dale Sexton

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Ad#:1841010

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