Last Revised: 10/9/19. Posting #: 250921
Key Words: liquor, south bay, los angeles, absentee
Financial Info: Price: $190,000. Down: Call. Adjusted Net: $115,000. Annual Revenues: $395,000. Monthly Sales: $32,000 + (No Lotto sales included). Profit margin approximately 30% to 35%. Lease Terms: A new 5-year lease just signed. Seller spent close to $100,000 in renovations with all receipts on hand.
Profile: Major price drop just announced.
Located at a prime location in an updated shopping center at a signalized traffic light on Pacific Coast Hwy (PCH). This liquor store has been at this location for many years. The surrounding area is a mostly residential neighborhood with lots of foot traffic.
- Store Has a 21 ABC Liquor License and Sells Liquor, Beer, Wine, Tobacco, Groceries & more
- Store Space: Approximately 1,900 sq. ft.
- Monthly Sales: $32,000 + (No Lotto sales included)
- Profit margin approximately 30% to 35%
- Parking: Ample Parking
- Lease Terms: A new 5-year lease just signed
- Other Products For Sale: ATM, Lottery, Phone cards and more
- Good Books (Sales Are verifiable per owner)
- Cooler Space: One walk-in cooler with 10 cooler doors
- Storage: Ample storage space in the back
- The entire inventory is on a computerized POS system
- Store hours: Open 7 days a week Recent interior upgrades and renovations: - All new shelving, new overhead lights, countertops (marble top)
- New ceiling tiles and floor
- New walk-in cooler doors, Compressor for walk-in cooler
- All new displays
- Existing ADA restroom
- Small kitchen area
(Seller spent close to $100,000 in renovations with all receipts on hand)
- Additional data such as profit and loss (P&L) available for review with a fully executed NDA.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
Key Words: escrow, bulk sale, helen yoo, new century escrow
Profile: Having owned businesses for over 22 years, my interest turned to listing and selling businesses rather than owning them. I specialize in high volume restaurants, fast food independents & chains, bars, liquor stores, small manufacturers & service businesses in Orange and LA Counties in California.
Key Words: joe ranieri, remax, re/max commercial, business broker, restaurant, cafe, fast food, buffet, retail, bakery, food, juice, bars, mexican, coffee, tea, dessert, sandwich, grill, coffee house, mediterranean, turkish, pizza, asian, sushi, japanese, chinese, sports bar, diner, liquor, market, mart, orange, san bernardino, huntington beach, long beach, los angeles, costa mesa, hollywood, fountain valley, cerritos,
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Profile: Escrow services to brokers & agents, owner/sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services.
Key Words: shalonda chappel-pilgram, town country escrow, escrow, bulk sale, bulk sales, escrows, liquor license transfers, lien search, lien searches, los angeles, orange, riverside, san bernardino, san diego, imperial
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
Profile: Due diligence is an investigative inquiry into a business that is performed by a potential small business buyer in order to ensure that the business being purchased is everything that has been represented by the business owner/seller. Here are the best practices for performing due diligence.
Key Words: due diligence, buying a business, buyer, buyers, buy a business, attorney, cpa, non-disclosure agreement, tax returns, income statements, due diligence period, balance sheets, cash flow statements, lease, leases, purchase agreement, purchase agreements, assets, liabilities, legal contracts, distribution agreements, risk, risks, lawsuits, due diligence checklist, jordan green
Profile: BizBenNetwork Manager Jordan Green provides business buyers with tips for ensuring a smooth transition into business ownership and details ways to successfully approach topics such as training, employees, vendors, and contracts in order to keep business running smoothly after assuming ownership.
Key Words: purchase agreement, training period, training, transition, employees, buying a business, business purchase, purchasing a business, jordan green
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