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El Monte, Los Angeles County, California
Short Hours, High income, Check Cash, Money Maker
Asking Price
$600,000
Revenue
$360,000
Down
$200,000
Cash Flow
$400,000
Description
Step into a thriving and profitable venture with this well-established Liquor and Check Cashing Store, situated in the heart of the bustling industrial district of El Monte, California. With a history of 26 successful years, this standalone store is strategically flanked by factories and warehouses, ensuring a consistent customer flow and excellent growth potential.
The store operates on comfortable hours, maintaining a work-life balance for the owner. Operating from 8:00 AM to 9:00 PM, and 9:00 AM to 7:00 PM, it provides a great opportunity for a motivated buyer seeking to expand their business portfolio.
The business boasts a robust income model. The liquor store element pulls in impressive monthly gross sales of $30,000, with a solid profit margin of 35%. The high-volume check-cashing operation significantly amplifies the total revenue stream. With monthly transactions between $2.3M and $2.5M, and a fee of 1.25% to 1.5%, this feature adds immense value. Additionally, the store garners an extra $2,500 per month from lottery income.
The operational model is streamlined, requiring minimal staffing. The current employee, who handles check cashing, has been with the company for over 30 years, ensuring smooth operations. Training and support will be provided to ensure a seamless transition.
The store spans over 3000 square feet with a low rent of $3400 and favorable lease terms. The current owner
The store operates on comfortable hours, maintaining a work-life balance for the owner. Operating from 8:00 AM to 9:00 PM, and 9:00 AM to 7:00 PM, it provides a great opportunity for a motivated buyer seeking to expand their business portfolio.
The business boasts a robust income model. The liquor store element pulls in impressive monthly gross sales of $30,000, with a solid profit margin of 35%. The high-volume check-cashing operation significantly amplifies the total revenue stream. With monthly transactions between $2.3M and $2.5M, and a fee of 1.25% to 1.5%, this feature adds immense value. Additionally, the store garners an extra $2,500 per month from lottery income.
The operational model is streamlined, requiring minimal staffing. The current employee, who handles check cashing, has been with the company for over 30 years, ensuring smooth operations. Training and support will be provided to ensure a seamless transition.
The store spans over 3000 square feet with a low rent of $3400 and favorable lease terms. The current owner
To get more information about this Short Hours, High income, Check Cash, Money Maker business for sale in El Monte, California please contact Steve Kim (Broker - BRE License #:01068216) at stevekim223@yahoo.com or +12138805688
Business Details
Year Established:
50
Employees:
1
FE&E:
to be provided
Reason for sale:
Sick & Retire
Support & Training:
n 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
Lease Options:
$3,400
Posting Information
Posting ID:
8091945
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.
Posting Title
Short Hours, High income, Check Cash, Money Maker
Posting ID
#8091945
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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