Profitable Hispanic market

Los Angeles, CA (Los Angeles County)

Profitable Hispanic market
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Asking Price: $790,000

Cash Flow: $200,000

Gross Revenue: $2,450,000

EBITDA: $200,000

FF&E: $100,000

Inventory: $80,000*

Rent: $8,344 /Month

Established: 1955

*not included in asking price.

Profitable Hispanic market

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Business Description

Historical, profitable Hispanic market

1. established 65 yrs ago.
2. 99% is repeated customer.
3. Residential community.
4. Plenty parking spaces.
5. Lotto, scratch, water vending machine, western union, money order
6. Accept ebt, wic,
7, dvr and 16 cameras operation.
8. Good lease terms and reasonable rent ; terms -8/31/2028 rent $8344 gross
Final year rent $9776 possible another option,
9, business hours ; 8 am to 9 pm, 7days a week.
10. No advertisement
11. 2 cash registers operated and pos and scanner, all the record runs computer
System.
12. Bailor for empty box control
13. Store alarm system.
14, control office is 1st floor, main office is 2nd floor.
**** summary of business *****
Monthly expenses
Rent,-8344, power, water, gas - 3600, phone, internet - 229, trash - 636,
Insurance ( liability, work comp ) - 1100, card fee - 2200, supply - 1600
Bank charge 350, payroll - 4900 (21070 monthly) manager 1250
(5375 monthly)( all payroll tax included ) maintenance 500
* total estimated monthly expenses = $45,004 yearly $540,048
Gross income
Sales- 2.45 mil per year, gross profit 30% = $735,000
Net profit before income tax 735,000 - 540,048 = 194,952
Without manager, $259,452
All these numbers are 100% provable

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
8/31/2028
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Yes, we have several big stores around here, but function is different. This is convinced, and very reasonable price and fresh goods. Easy to in and out.
Growth & Expansion:
Coffee , sandwich, check cashing, propane gas service, atm business possible
Support & Training:
Flexible training terms
Reason for Selling:
Retire
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Business Listed By:
sean lee

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