Liquor Store With Check Cashing In South California For Sale

Business description

Long Established Liquor Store with Check Cashing Business is located in a 3200 sq ft space in commercial retail center with franchised fast foods and other retail businesses in center. Business does check cashing of about $140K monthly at 3% Commission. Lottery Sales bring in about $1600 monthly profit in addition to store sales. The business has been established for 32 years and the current owner is retiring after 18 years.

Property information

Real Estate:

Lease

Lease terms:

Lease good for 5 years plus a 5 year option

Leasehold rent:

$50,400 per annum

Location:

Business is located in a 3200 sq ft retail space in Shopping Center

Premises details:

Business is in a shopping center that has some franchise Fast food businesses and other retail outlets

Size in square feet:

3,200

Other information

Expansion potential:

Can open longer hours, advertise or add new items

Competition / Market:

Business is well established with lots of repeat customers

Support & training:

Seller will Train

Reasons for selling:

Retirement after 18 years

Trading hours:

Seven Days a week from 8AM until 11PM

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$50,000