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Liquor Store For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $120000
Net Profit / Cash Flow $5000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1986
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours/week.
Reason for Sale Personal.
Description This Culver City Liquor store has been an area staple for 30 years. Its prime corner location with parking gives an operator the ability to capitalize on its excellent accessibility as well as maximizing the store exposure to the local neighborhood and passers by. This Culver City liquor store has a hard to get entitlement of a Type 21 off site liquor license and has the ability to expand its current retail offerings. The current focus has been on outdated yet historically popular liquor, beer, wine and tobacco products.
Asking Price $65,000 + Inventory.
This 1,800 square foot facility leases for $3,500 per month at a fixed rate for 5 years. One 5 year option will be offered at a five year fixed rate of $3,600 per month. The spacious facility offers an 8-door walk in cooler, plenty of parking and an additional 500 square feet of empty space to expand the concept as desired. The sale includes all the business's assets including the furniture, fixtures, equipment, trade name, and off-sale Type 21 liquor license. Inventory, which is approximately $15,000, will be sold at cost at close in addition to the purchase price.
Competition is considered to be medium as other locations exist in the area, however this store's prime location with outstanding access, private parking lot and 30 years of goodwill could give this store a significant competitive advantage.
This store has a great deal of growth potential. It does no advertising or promotion, does not maintain a website or any form of social media and offers only limited inventory, much of which is outdated in today's marketplace. With its underutilized floor space, an owner could expand its product offering in any number of directions (e.g. deli, ATM, Lottery etc.). One may be able to envision a gourmet food store in the empty space to compliment the existing liquor business.
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