Convenience Store in Long Beach

Long Beach, CA (Los Angeles County)

Convenience Store in Long Beach

Asking Price:$160,000

Cash Flow:$110,000

Gross Revenue:$410,000

EBITDA:N/A

FF&E:N/A

Inventory:$60,000*

Established:N/A

*not included in asking price.

Convenience Store in Long Beach

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Business Description

This highly profitable convenience store is located on a major street with high visibility. This is an end unit of nicely mixed tenants. A royal employee opens and closes for the owner -an easy operation with no headache of selling beer and wine.

There are extra income from lotto/scratches, ATM and Fax. Most nonfood items are marked up over 100%, and the overall profit margin is 50%.

Current owner believes that the sales volume will stay same even after the store size is reduced, by rearranging cashier and shelves. This will generate more income for the owner.

Detailed Information

Inventory:
Not included in asking price
Employees:
1
Facilities:
2100SF+ store in a strip shopping center -end unit with high visibility from a major street. 6-door Cooler, ATM machine. Vendor installed 7-Up cooler, ice cream freezer, and ice cube storage freezer.
Competition:
2 stores on the other side of the street
Growth & Expansion:
Current owner has asked the landlord to partition out a portion of the store for reduced rent, meaning higher income for the owner.
Support & Training:
1 week up to 40 hours
Reason for Selling:
Moving out of state

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Douglas Kim

Business Listed By:
Douglas Kim

Dong Hwa Kim

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