Power Realty & Investments

Liquor Store in South Gate with Huge Net Income AD# L445

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South Gate, California

$329,000

Property Details

Beds0 Baths0 Garage0

Property Description

MONTHLY GROSS: $53,000

MONTHLY RENT: $3,400

LEASE TERMS: 6+3

STORE SIZE: 1,900 SF.

OPEN HOURS: 8AM-11PM

EMPLOYEES: 1 PT.

WAGE: $570/MO.

EXTRA INCOME: CHECK CASHING $1,500, LOTTERY $4,300 ATM $250.

REASON FOR SELLING: FAMILY IS LOOKING FOR A MOTEL BUSINESS.

 

NOTE: HUGE INCOME FROM LOTTERY.

RENT IS FIXED AT $3,400 FOR 6 YEARS. 35% PROFIT MARGIN.

LATINO NEIGHBORHOOD. AMPLE PARKING.

 

NET INCOME: $17,000/MO.

ASKING PRICE: $299,000+INV.

Property Type Business

Property Status: Sold

Property Features

Location

South Gate, California