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Liquor Store, Lotto w Low Rent, High Profit

BizEx455-MS

Background

General Location:Simi Valley, CA
Category: Convenience Stores
Liquor Stores
Years in Business:6
Under Present Owner:6
Hours of Operation:M-Sun 10 am - 10 pm
Owner Hours:Full time
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:2014
Lease Options:1 @ 3 Years
Building Size:1,700
Employees:1
Reason for Sale:Owner moving out of state

Financials

Asking Price:$249,000
Down Payment:$249,000
Gross Sales:$565,000
Discretionary Cash Flow:$140,000
FF&E:
Inventory Included?
Inventory:$60,000
Min. Operating Capital:
Real Estate Available?No
Rent:$2,000
Financing:Call

2010 2011
Gross Sales $ 488,000 $ 565,000
Gross Profit $ 170,000 $ 197,750
Disc. Earnings $ 109,000 $ 140,000

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Mina Singson-Brightman
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495