Busy Liquor Store in La Canada w/ property acquisition potential
- Listing Id: 8611
- Broker Name: Anthony Nercessian
- Category: Convenience Stores
- Asking Price: $225,000.00
- EBITDA: $300,000.00
- Real Estate: $1,299,900.00
- Cash Flow: $136,116.00
- Inventory: $200,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $798,128.00
- FF&E: $30,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: La Canada
- State: CA
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Located on prime and high traffic Foothill Boulevard in the prestigious La Canada Flintridge area, this liquor store has experienced consistent sales growth year after year. Great growth opportunity for a new Owner-Operator. Currently absentee-owner run. New owner can carry hookas, tobaccos, etc. which is in great demand in the area. Store has a retail liquor license as well as wine tasting license. Current owner prefers to sell the liquor business together with the property. Property is listed separately for $1,299,900. Store size is 2,477 sq ft and has ample parking on the left side (lot size is 4,979 sq ft.) Rent is $2.75 per square foot (unless Buyer also purchases the property). Long lease term available. Net Profit after all expenses (excluding the 2 employees) is $136,116 for Year 2014. Clean books and records. For more information, please contact Anthony at 818.636.3131 or email at AnthonyN@kw.com. Serious inquiries only please. Easier SBA financing with 15-20% down if business purchased with the property.
Financial Summary
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