Liquor Store

Asking Price: $ 275,000 + inventory
Type of Business: Liquor Store
Location: Orange County
Hours of Operation: 10am-10pm
Gross Sales: $ 30,000
Adjusted Net Profit: $ 7,600.00
Total Rent: $ 3,800.00
NNN: $ included
Length of Lease: 7 years 5+5 options
Sq. Ft. 1900
Number of Employees:
Full time:  1        Part-time:
Payroll: $ 3,400.00
Insurance: $ 100.00
Gas: $ 15.00
Electric: $ 900.00
Water: $
Phone: $ 100.00 incl internet
Trash: $
Internet and TV:
Cost of goods: 40%
Business description.

This store just went through $100,000 worth of renovations (new cooler, water machine owned by store worth $22k, iron gate $10k, flooring, marble counter, fans 3 big screen tv, new shelves, and remodeled bathroom) Lotto brings in $2500 net per month, water brings in $ 1500 net per month. The store has a high profit margin, therefore the net profit is higher than any other normal store. Owner has other stores and this store is too far from his home. His employee works 65 hours a week and that makes the store semi-absentee owner. Higher potential with check cashing service.