$175,000 (plus inventory) buys you a business with a possible annual income of $132,000! $50,000 monthly sales with additional lotto income of $2000 per month! Annual net profit of $108,000 can be increased by a working owner family by about $24,000 if current wage bill of $3,500 per month can be reduced to $1500.
This liquor store is located on a busy boulevard in a safe and thickly populated center in the San Fernando Valley with lots of apartment buildings and ample front parking. About 50% of the sales are beer and liquor. Good margins for other grocery products gives an overall GP of 35%! Ample scope to start check cashing, money transfers, ATM, etc. Seller will carry a note of 50% for 3 years for a qualified buyer. Don't miss this opportunity! Retirement forces this sale!
For more information, please contact Mike Jasani at 818-723-5150; email.