Power Realty & Investments

Hi Volume Liquor Store in Burbank AD# L489

Interested In This Property?

Burbank, California

$499,000

Property Details

Beds0 Baths0 Garage0

Property Description

MONTHLY GROSS: $140,000

MONTHLY RENT: $4,310

LEASE TERMS: 4+5

STORE SIZE: 2,600 SF.

OPEN HOURS: 8AM-2AM

EMPLOYEES: 2 FT, 17 PT.

WAGE: $20,500/MO.

EXTRA INCOME: $600 LOTTERY, $80 ATM.

REASON FOR SELLING: SAME OWNER SINCE 2002.

LOOKING TO TRY SOMETHING DIFFERENT.

 

NOTE: HIGH VOLUME LIQUOR STORE SPECIALIZING

IN MAKING DELIVERIES. 50% IN STORE SALES AND 50% DELIVERY.

GOOD PROFIT MARGIN AT 38%

CURRENTLY USING IN-HOUSE DELIVERY AND 3RD PARTY CO.

REASONABLE RENT. DENSELY POPULATED AREA.

 

NET INCOME: $12,500/MO.

ASKING PRICE: $499,000+INV. (+-120K)

 

Property Type Business

Property Status: For Sale

Property Features

Location

Burbank, California