Kor Bakery Wholesale; 5-day Run, Making-Delivery, Netting $300K, E. LA

Los Angeles, CA (Los Angeles County)

Kor Bakery Wholesale; 5-day Run, Making-Delivery, Netting $300K, E. LA
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Asking Price: $750,000

Cash Flow: $300,000

Gross Revenue: $840,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,300 /Month

Established: 2004

Kor Bakery Wholesale; 5-day Run, Making-Delivery, Netting $300K, E. LA

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Business Description

> A polular Korean brand wholesale bakery (company) established for decades in E. Los Angeles. Free standing. Bldg. seems a bit old, but a very cheap rent in a large space. Good for a independent local bakery factory
> A simple businesss structure that makes popular Korean bakery products, such as mochi, raw donuts, sesame gangjeong, sesame oil- sold seperately by different brand, etc. being made into a company brand and supplied to most of Korean major markets in California
> > Suitable for owner operator or family business that has limited hours and does not require more than 5 employees, which can make a big profit. Since almost everything is done by machine at this workplace, no harsh work or hard labor needed
> Below is a summary of operation, financials and more;
• Monthly gross turnover is $70,000 on average
• The average net income, including cash income is an average of $25,000/mo
• Cost of goods sold is 30%
• Very reasonable rent, including 3 Net, is at $4,300
• 4 years leftover on the current lease, but the buyer can apply for a new lease or extension option
• Sizable premise is approx. 6,500 SF
• 4 years remaining on the current lease plus a five-year option
• Opening hours are from 5:00 am to 3:00 pm, 4 days a week, and from 5:00 am to 12:00 pm on Thursdays. Sunday only delivery
• 5 full-times work.
• And two owners work. One as a part-time as delivery person, and the other as a full-time manager
• Operated for 15 years by the same owner
• Payrolls are an average of $13,000 per month, including payroll tax
• Utility bills, insurance, mics expenditures are about $2,500 per month
• Ample parking at the premise
• Loans available – Term business loan is available for 50% down

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
8/31/2023
Employees:
5
Facilities:
Bakery machines, recipe books3
Competition:
No
Financing:
N?A
Support & Training:
2 weeks after closing
Reason for Selling:
Semi-retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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