Liquor, 12 yr Biz, Retire, Korea Town, LA

NOT DISCLOSED, California

Asking Price $269,000 Year Established 1999
Annual Revenue $600,000 Reason for Selling Retire  
Annual P/L $0 Attention Jonathan Hwang
Annual Cash Flow $78,000 Listing Number 985301  
# of Employees 2 Business Category Food & Beverage: Liquor Stores

Business Overview:

This well-established liquor store is ideally situated in the vibrant neighborhood of Koreatown. It boasts a loyal customer base from the surrounding community. After 12 years of successful operation and hands-on management alongside dedicated employees, the current owner has decided to retire. This presents a fantastic opportunity for a new owner to take over a thriving business in a bustling area.

Monthly Avg gross: $50,000
Monthly rent: $5,700
Lease terms: 4/ 2@3 years option.
Store size: 1,800 sf.
Open hours: 9am-11pm
Employees: 2pt
Wage: $3,000/mo.
Extra income: $2,000 lottery, $150 atm.
Financing: cash only

Property Features and Assets:

Market Competition and Expansion:

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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