Market - B&W - Low Rent Long Lease - Asset sale

Long Beach, CA (Los Angeles County)

Market - B&W - Low Rent Long Lease - Asset sale
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Asking Price: $65,000

Cash Flow: $58,000

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $50,000

Inventory: $20,000*

Rent: $1,700 /Month

Established: 1970

*not included in asking price.

Market - B&W - Low Rent Long Lease - Asset sale

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Business Description

This convenience market has been established for 49 years and have been recently remodeled.

It is located in busy neighborhood with excellent visibility at the corner of major streets.

It is freestanding building and 3,400 SF.

Sale includes ABC license 20.

There are 10 doors reach in drink & beer refrigerator.

This market that sells drinks, snacks, and household essentials and provide Western Union services.

Extra income from Lottery commissions.

Extremely low rent with long lease term.

Detailed Information

Location:
Long Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,400
Lease Expiration:
1/1/2022
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Movng Out of State
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(from currently available funds)
 
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William Park

Business Listed By:
VR Business Brokers

VR Business Brokers

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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