SOLD
BizEx243-RD: Liquor Store in Van Nuys, CA

Background:

General Location:Van Nuys, CA
Category:Retail > Liquor Stores
Years in Business:11
Under Present Owner:1 1/2
Hours of Operation:Mon. - Sun.
Owner Hours:
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:2015
Lease Options:
Building Size:1600 sqft
Employees: 1 FT

Reason for Sale:


Financials

Asking Price:$245,000
Down Payment:Negotiable
Gross Sales:$440,592
Discretionary Cash Flow:$144,201
FF&E:$ 35,000
Inventory Included?No
Inventory:$ 65,000
Minimum Operating Capital:$ 0
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 1,635/month
Payroll:$ 1,600/month
Financing:Call

Jan-July 20102009
Gross Sales259,000440,592
Gross Profit228,224
Disc. Earnings149,626

* YTD as of , ** = Prorated.

Broker Info


Robert Dean
Business Broker
(310) 882-2200 ext 122
LIC# 01720308

Michael S. Davidson
Business Broker
(310) 882-2200 ext 101
LIC# 01257681

Summary

Well established Liquor store on a major street with high visibility street signage. Business was established in 1999 and has Type 21 Liquor License and all permits. Store is 2,600 sq. ft. with storefront parking and has very low rent of $1,635. Store has a nice selection of Fine Wine & Cigars, Beer, Lotto, Scratchers, ATM machine, along with all the premium brands of alcoholic beverages. Store also carries groceries, phone cards, cigarettes, gifts, etc. 10 Walk-in Coolers and 12 Reach-in Coolers house all the premium brands.

Over the years, the store has built a loyal customer base with outstanding growth possibilities for someone.

Any questions, please contact Business Broker Robert Dean at 310-793-6757 or email: rdean@bizex.net

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More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.