Business for Sale

Greater South Gate Liquor

BizEx1133-AK

Background

General Location:Los Angeles, CA
Category: Liquor Stores
Food & Kindred Products
Years in Business:43
Under Present Owner:4
Hours of Operation:9-11 mon-thur & sun, 9am-1am fri & sat,
Owner Hours:absentee
Training:2 weeks @ 20 hours
Organization Type:Sole proprietor
Lease Expiration:9/2018
Lease Options:one 5yr
Building Size:2200sf
Employees:3
Reason for Sale:Other Business Interests

Financials

Asking Price:$168,000
Down Payment:Negotiable
Gross Sales:$540,000
Discretionary Cash Flow:$96,000
FF&E:$50,000
Inventory Included?No
Inventory:$30,000
Min. Operating Capital:$15,000
Real Estate Available?Yes
Rent:$2,350
Payroll:$4,500
Financing:Other

Description

44 YEARS OF SUCCESS

Established, successful, well located.

Business offer hard liquor, beer, wine, tobacco products, candy, gum, ice cream, various food and drink items and lottery.

Low rent.

Business is absentee run and is marketed as if new owner will operate the business.

Owner is motivated to sell. 

Active owner will enable growth.

Great return on investment for an investor.

Possible lender for qualified buyer.


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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.

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Arthur B. Kessler
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rel, CA 90292
Office: (310) 882-2200 ext 126
Direct: (310) 650-7900
Lic#: 01227004