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Liquor Store in South Gate with Long History AD# L459

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South Gate, California

$385,000

Property Details

Beds0 Baths0 Garage0

Property Description

MONTHLY GROSS: $60,000

MONTHLY RENT: $3,600+$900 NNN

LEASE TERMS: 9+10 OPTION

STORE SIZE: 2,600 SF.

OPEN HOURS: 9AM-10PM

EMPLOYEES: 1 FT, 1 PT

WAGE: $3,500/MO.

EXTRA INCOME: $1,800 LOTTERY, $600 CHECK CASHING.

REASON FOR SELLING: OWNER HAS HEALTH CONDITIONS.

MIGHT NEED COUPLE OF SURGERIES.

 

NOTE: SAME OWNER SINCE 1998. OWNERS MADE A SMALL FORTUNE

FROM THIS BUSINESS. USED TO GROSS OVER 85K/MO. WITH

1 MILLION IN CHECK CASHING. OWNERS ARE OLD NOW

AND LACKS ENERGY. LONG TERM LEASE.

SHORT OPEN HOURS. POTENTIAL TO INCREASE BUSINESS

WITH LONGER HOURS AND ADDING FRESH INVENTORY.

 

NET INCOME: $8,000/MO.

ASKING PRICE: $385,000+INV. (Around 100k)

 

Property Type Business

Property Status: Sold

Property Features

Location

South Gate, California

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