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Los Angeles, Los Angeles County, California
The liquor store with the property and rental incomes
Asking Price
$4,000,000
Revenue
$1,320,000
Down
$1,000,000
Cash Flow
$240,000
Name: Joo (Joe) Lee
Phone: Show phone number
Name
Joo (Joe) Lee
Phone
Show phone number
Business & Property Description
The liquor store h as significant upside potential. The store size is approximately 4,000 sf including storage space in the back. The seller is offering the business for sale after 7years of ownership, due to personal reasons related to a divorce.
The business previously averaged approximately $160,000 per month in sales. After re-opening in November last year, its is currently averaging about$110,000 per month and sale continue to increase month over month. With extended operating hours, the revenue potential is even greater. Current business hours are 7:30AM to11:30pm, with no restrictions on operation hours.The total property size is approximately 6,500sf. The property also generating strong rental income.
The Chiropractic tenant over 10years in operation : $2,800 per months with approximately 1 year and 6 months remaining on the lease. Rent can be increase to Approximately $4,000 per month at renewal.
Rea residential rooms rented to single occupants generate approximately $5,500 per months. total rental income is : $8,000 per months.The surrounding area demographics are approximatley 60% Black and 40% Hispanic.
The asking price; $4.M with the property.
Business Details
Year Established:
6
Employees:
3
FE&E:
25000
Reason for sale:
personal reason
Support & Training:
yes
Property Information
Building Size (Total):
6,500 sqft
Year Built:
1,922
Stories:
1
Zoning:
LAC2
Ceiling Height:
15
Dock High Doors:
0
Investment Information
Investment Type:
Owner/User
Lease & Tenant Information
Lease Type:
Gross
Tenancy:
Multi-Tenant
Parking Type:
Surface
Posting Information
Posting ID:
8245970
Attributes:
License (Liquor, etc.)
Real Estate Included
SBA Loan Pre-Qualified
Training And Support
Attachments
Non-Disclosure Agreement
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Posting Title
The liquor store with the property and rental incomes
Posting ID
#8245970
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Agent, Broker or Seller Contact
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