High Volume, Newly Remodeled, Beer & Wine (Opportunity to add liquor)
El Monte, CA
| Asking Price: | $849,000 |
| Inventory: | $150,000 |
| Gross Revenue: | $1,260,699 |
Listing ID: 2224816Listing provided by BizBuySell
BUSINESS DESCRIPTION
Great opportunity! This store is located on a high-traffic count street w/ high visibility. Recently remodeled in 2023 with new coolers and improvements worth $350k. Very clean store. Opportunity to add liquor license to significantly increase sales. Owners removed Lotto in late 2022 because there was too long of lines and interfered with store customers. The store sales without Lotto in 2023 was $1.26M. Add Lotto, add liquor, and extend open hours to double sales! Store hours: M-Th, Sun 9am - 10pm; Fri-Sat 9am - 11pm. You can sell up to 2AM, without any operating restrictions. Clean books & records. SBA financing available. Don't miss this opportunity.
DETAILED INFORMATION
Location
El Monte, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,600
Lease Expiration
01/05/2034
Competition
Prime location on highly visible street with high traffic count.
Growth & Expansion
Now store can apply for liquor license. A school within 1000 feet prevented this store from qualifying for liquor license, but this school closed down 2 months ago. Buyer to verify this claim. Seller and Broker do not guarantee this information.
Financing
This business has clean books and records. Qualifies for SBA financing.
Reason for Selling
Seller is selling all liquor stores for another type of business.
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