Mexican Market With Meat & 47 Liquor License For Sale

Business description

Mexican – latino market plus liquor in orange county

In an excellent location and established over 20 years ago, this 7,000 square foot market serves a growing latino community in east orange county. They are the oldest and largest market serving this area. Stocking a complete line including household products, groceries, meat market and produce, they also have a small kitchen on-site for take-out menudo on the weekends. The store has a full 47 liquor license which permits off-sale liquor, beer and wine. Sales average 100,000 to 105,000 per month with sellers net averaging 25,000 to 30,000 per month and inventory averages 70,000 to 80.000. Rent is sub-market at 4,000 per month with 8 years remaining on the lease plus there is a 10 year option to renew. Besides the owner, there is one full-time employee and 5 part-time. Payroll averages 5,000/month for employees. Open 7 days business has good books and records. No seller financing available as seller is retiring.

Listing price: 650,000 plus inventory.

Property information

Real Estate:

Lease

Lease terms:

Rent is sub-market at 4,000 per month with 8 years remaining on the lease plus there is a 10 year option to renew.

Other information

Inventory / Stock value:

$60,000 (included in the asking price)