Grocery Market with Beer Wine

Palmdale, CA (Los Angeles County)

Grocery Market with Beer Wine
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Asking Price: $699,000

Cash Flow: $400,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $0

Inventory: $100,000*

Rent: $7,398 per Month

Established: 1994

*not included in asking price.

Grocery Market with Beer Wine

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Business Description

MONTHLY GROSS: $170,000
MONTHLY RENT: $5,385 + $1,978 NNN
LEASE TERMS: 2 YEARS (NEW LEASE AVAILABLE)
STORE SIZE; 3,400 SF.
OPEN HOURS: MON-TH 10AM-6PM / FRI-SUN 10AM-6:30PM
EMPLOYEES: 7 FT, 2 PT
WAGE: $18,000/MO.
OWNER SINCE: 1994
REASON FOR SELLING: OWNERS ARE RETIRING AFTER 27 YEARS.
NOTE: ASIAN GROCERY STORE SELLING PHILIPINO, THAILAND,
INDIAN, KOREAN AND JAPANESE PRODUCTS.
ORIGINAL OWNERS SINCE 1994. HIGH PROFIT MARGIN AT 45%.
SEAFOOD DEPARTMENT HAS TAKE OUT FRIED FOODS.
NO COMPETITION. LOCATED ON A MAJORE STREET WITH
GOOD VISIBILITY. PLENTY OF PARKING. HAS BEER WINE LICENSE.
SBA LOAN WITH 25% DOWN PAYMENT.

Detailed Information

Location:
Palmdale, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,400
Lease Expiration:
N/A
Employees:
9
Facilities:
3,400 sf. Plenty of parking. Located on a major street.
Competition:
No competition
Growth & Expansion:
Room to grow with longer hours. Current open hours are 10am-6pm
Support & Training:
Seller will train
Reason for Selling:
Retirement
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Jack Oh

Business Listed By:
Jack Oh

Power Realty & Investments

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