Low Volume Liquor: Sales $22.5K/m, Short Hrs, Prc $150K+Invent

Cerritos, CA (Los Angeles County)

Low Volume Liquor: Sales $22.5K/m, Short Hrs, Prc $150K+Invent
Contact Seller

Asking Price: $150,000

Cash Flow: $60,000

Gross Revenue: $270,000

EBITDA: N/A

FF&E: $0

Inventory: $25,000*

Rent: $5,300 per Month

Established: 2020

*not included in asking price.

Low Volume Liquor: Sales $22.5K/m, Short Hrs, Prc $150K+Invent

Save Print Share Valuation Report

Business Description

> Liquor store in local neighborhood in Cerritos run mostly by a couple of owners who are seeking a full retirement.
> Hot spot for Lotto/Lottery sales enabling to earn a high commission income of about $130,000 per year.
> Located in a threshold of wall-to-wall strip center with good visibility in a high affluent area of busy street, and is surrounded mostly by Hispanic and Asian neighborhood.
> Relatively short open hours only from 8 am to 8 pm, 7 days.
> 40 years in business at the same location, but the seller started just a year ago.
> ATM available. No check cashing. No employee
> Offering an ample parking space.
> The current lease set to end a year later, so new lease of $2.15 plus triple net workable.
> See below for more.
• Gross sales are anywhere between $20,000 and $25,000 per month
• Net profit is “AS-IS”. Currently the seller produces approx. $5,000 per month
• Steady Lotto/Lottery income: $133,446 in 2029, $133,198 in 2020
• Rent is $5,300 with NNN / CAM
• Store size is approx. 2,450
• New lease for 5+5 workable
• Full cash buyer preferred, but a small version SBA loan with a 50% down very possible To get term business loans and lease approved, buyers must have 700+ Fico and at least 2-year experience in the same industry
• For an address or a walk-by, NDA is mandatory. See online NDA attached
• For more details, contact Kevin at beerealty.ca@gmail.com / (714) 345-6514

Detailed Information

Location:
Cerritos, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,450
Lease Expiration:
1/31/2022
Employees:
N/A
Facilities:
A great Lotto/Lottery sales and income exceeding $130,000 a year steadily. 13 coolers plus 7 reach-in
Competition:
Yes
Growth & Expansion:
Before the pandemic, gross sales per month ranged between $35,000 and $40,000 per month with a longer open hours. Expanding hours and aggressive advertising via SNS improves revenue.
Support & Training:
2 weeks after closing
Reason for Selling:
Full retirement
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

By clicking the button, you agree to BizBuySell’s  Terms of Use and Privacy Policy


Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

Report an issue with this listing

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1833258

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


K9 Resorts

Franchise Opportunity In CA
Cash Required: $300,000