Interested In This Property?
Burbank, California
$499,000
Property Details
Beds0
Baths0
Garage0
Property Description
MONTHLY GROSS: $140,000
MONTHLY RENT: $4,310
LEASE TERMS: 4+5
STORE SIZE: 2,600 SF.
OPEN HOURS: 8AM-2AM
EMPLOYEES: 2 FT, 17 PT.
WAGE: $20,500/MO.
EXTRA INCOME: $600 LOTTERY, $80 ATM.
REASON FOR SELLING: SAME OWNER SINCE 2002.
LOOKING TO TRY SOMETHING DIFFERENT.
NOTE: HIGH VOLUME LIQUOR STORE SPECIALIZING
IN MAKING DELIVERIES. 50% IN STORE SALES AND 50% DELIVERY.
GOOD PROFIT MARGIN AT 38%
CURRENTLY USING IN-HOUSE DELIVERY AND 3RD PARTY CO.
REASONABLE RENT. DENSELY POPULATED AREA.
NET INCOME: $12,500/MO.
ASKING PRICE: $499,000+INV. (+-120K)
Location
Burbank, California
Mortgage Calculator
Owning a home is a great investment and it is key to plan your mortgage payments ahead of time. Calculate for your monthly mortgage using our free calculator below.
DISCLAIMER: The information found in these calculators are to be used as a guide and is deemed reliable but not guaranteed. Please schedule an appointment today to find out more information about your loan.