8800 Knott Ave

Description

Looking for a great investment properties, Monroe liquor store has been in the business for almost 30 years and the current owner has it for over 13 years and it is run by employees. Monthly Gross income is $50,000 to $57,000 and monthly net income is $ 15,000 a month. Lottery income is $38,018.95 a year and commission of $3,000. He has 7 years remaining in his lease and its transferrable and renewable. Sales tax every month is $ 3,000. The rent is $4,800 a month that includes triple net. Trash and water is paid by the landlord. The store business square footage is 2,060. His electric bill is $800 during winter and $1500 during summer. Sales price plus Inventory approximately more or less than $100000. Sales Price plus inventory. Two full time employees and one part time employees and the store is open Monday to Sunday. Come check it out and this wont last long. Its located a few blocks from Knotts berry farm and a great area to establish your business.