Market for Sale in Koreatown

Los Angeles, CA (Los Angeles County)

Market for Sale in Koreatown
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Asking Price: $380,000

Cash Flow: $180,000

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: $15,000

Inventory: $45,000*

Rent: $4,515 per Month

Established: 2009

*not included in asking price.

Market for Sale in Koreatown

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Business Description

Market & Grocery Store - For Sale - in Los Angeles Koreatown

Great business opportunity in Korea-town on a high-traffic count area. This local convenient market sells about $1,500,000 worth of good, beer and light alcohol beverages per year. Annual cash-flow averages about $180,000-200,000 per seller. Additional lottery income. This corner market carries a variety of products like fresh fruits, vegetables, meat, snacks, stationary items, detergent and cleaning products, canned/bottled food, dry food, rice, beans, frozen food, ice cream, beer, wine coolers, cheese and variety of dairy products, toys, gifts, lottery and so much more. Other features include an additional 1200 Sq.Ft. storage warehouse, security camera system, and key service. Market is consist of 3 property lots - 4025, 4027, and 4029 Beverly Blvd. Sale of the business will include all fully-paid off, un-branded freezers, beverage coolers, vegetable coolers, milk cooler, walk-in vegetable cooler, meet storage case, 6-door beer cooler, refrigerators, stove, and camera system. Current lease is still valid until 2023. Landlord will provide new lease at new rental rates for up to another 5 years with another 5 years option - possible new 10 years lease.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
1/31/2023
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Inventory (Beer is about $15,000, food items are $35,000). Leased coolers - by Monster, Pepsi and 2 Coca Cola coolers
Competition:
Key location, high traffic, major street, walk-in business.
Growth & Expansion:
Alcohol, lottery, and general merchandize
Financing:
Seller's may carry
Support & Training:
Seller will train up to 30 days after closing.
Reason for Selling:
retirement
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Business Listed By:
Brandon LuTran

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Ad#:1778366

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