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El Monte, Los Angeles County, California
Liquor Store - Short Hours, High income, Check Cash, Money Maker
Asking Price
$600,000
Revenue
$360,000
Down
$200,000
Cash Flow
$400,000
Name: Steve Kim
Phone: Show phone number
Name
Steve Kim
Phone
Show phone number
Description
The current owner, Steve Kim, has nurtured this business for 26 years and is now seeking retirement. The business operates on comfortable hours, from 8:00 AM to 9:00 PM and 9.00 AM to 7:00 PM, providing a healthy work-life balance for the new owner. The average monthly gross sales for the liquor store are an impressive $30,000, with a profit margin of 35%.
One of the primary strengths of this business is the high volume of check-cashing transactions. With a volume of $2.3M - $2.5M per month and a fee of 1.25% to 1.5%, this feature significantly bolsters the overall revenues. Furthermore, the store generates an additional $2,500 per month via lottery income.
The business operates with minimal staffing of a reliable employee, responsible for check cashing, who has been with the store for 30 years. The employee's salary is $3,200 per month, and the rent for the spacious 3,000 sq. ft. store is $3,400 per month.
Business Details
Year Established:
30
Employees:
1
FE&E:
To be provided
Reason for sale:
Sick & Retire
Support & Training:
An employee who has worked for over 30 years managing the operation together with the owner, which makes things very convenient. In addition, the checks are 99 % gurranteed and there have been no issues with them.
Property Information
Size in Square Feet:
3,000 sqft
Lease Terms:
5 years plus 5 years option or we will discuss a new lease with the landlord.
Premises Details:
Located in El Monte, California, this successful Liquor and Check Cashing Store is a lucrative business opportunity for any potential buyer. Operating from a stand alone building, it is nestled amidst a bustling industrial locale dotted with factories and warehouses. This prime location ensures a steady stream of customers and immense growth potential.
Lease & Tenant Information
Posting Information
Posting ID:
6702753
Business Category:
Retail
Business Types:
Liquor Store
Check Cashing Store, Payday Loan
Attributes:
Home Based
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Liquor Store - Short Hours, High income, Check Cash, Money Maker
Posting ID
#6702753
Full Name (Required)
Email (Required)
Phone (Required)
Your NDA Request has been Sent!
Please check your email for updates — the seller will send you the NDA to review and sign before sharing any confidential details.
Agent, Broker or Seller Contact
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