Tobacco Store: Rev $360K Net $36K Ask $70K, Downey-LA

Downey, CA (Los Angeles County)

Tobacco Store: Rev $360K Net $36K Ask $70K, Downey-LA

Asking Price:$70,000

Cash Flow:$36,000

Gross Revenue:$360,000

EBITDA:N/A

FF&E:N/A

Inventory:$10,000*

Rate/Sq. Ft.:$2.17

Established:N/A

*not included in asking price.

Tobacco Store: Rev $360K Net $36K Ask $70K, Downey-LA

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Business Description

A possible good start-up business opportunity for beginner yet to expect a possible net income of $3,000 may be given.
Asking price is offered only at $70,000 plus inventory

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
6/30/2019
Employees:
None
Facilities:
Decent Yelp rating established smoke shop located at busy street. Business summary of financial and operation outlined below: (1) Gross sales income per month is $30,000 (2) Net Income per month is $3,000 (3) Lotto/Lottery just licensed 2 month ago (4) Rather-than-higher rent payment per month is $7,000 including CAM charge due to location (5) Store size is approx.1,200 sq.ft (6) Lease term is 3.5 year-leftover plus 5-year option to extend (7) Established 1.5 year under the current owner, but was there for 20 years (8) 7 day-open w/ a short hour runs 8:30 am to 8 pm Mon thru Sat and 10 am to 5 pm on Sun (9) No employee and is fully operate by single owner (10) Cigar room is available (11) Reason to sell is owner’s health problem (12) Ample parking
Competition:
None
Financing:
None
Support & Training:
2 week regular training conducted after escrow closing
Reason for Selling:
Health problem

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Kevin (Yong) Kim

Business Listed By:
Kevin (Yong) Kim

Bee Realty Group

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