Three Well Establish Supermarkets for sale

Reseda, CA (Los Angeles County)

Three Well Establish Supermarkets for sale
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Asking Price: $7,400,000

Cash Flow: $2,300,000

Gross Revenue: $46,000,000

EBITDA: $2,300,000

FF&E: N/A

Inventory: $2,200,000*

Established: 1992

*not included in asking price.

Three Well Establish Supermarkets for sale

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Business Description

BUSINESS TYPE: Three Supermarkets with Grocery Meat, Produce
ABC Licenses: License type 21 - offsale - Full Liquor
Stores Open Hours: 7 Days /08:00am to 09:00pm, Sunday 09:00am to 08:00pm
Area: all three Supermarkets are within or near San Fernando Valley in Los Angeles County
number of employees: Approx 145 Full-times and 80 part-times = 225 employees pertaining to al three supermarkets

Approx Total, Annual Gross Sales from all three Markets: $45,600,000.00
Allocation of Sales as below:
Groceries: $10,032,000.00
Meat & Seafood: $7,200,000.00
Produce: $18,696,000.00
Dairy, Deli & Bakery: $5,352,000.00
Misc : $2,640,000.00
Liquor, Beer & Wine: $1,680,000.00
Total Annual Sales:$45,600,000.00

Cost :$32,256,000.00
Gross Profit: $13,344,000.00
Total Expenses: $11,065,816.00
Net Income: $2,278,184.00
Extra Income, Lotto & Others: $102,000.00
Approx, Net income before Debt Service: $2,380,184.00

Remarks:
SuperMarket 1. Established Since: 1992
SuperMarket 2. Established Since: 2005
SuperMarket 3. Established Since: 2010

SuperMarket 1. Approx Store Building Size: 25,000 Sq. ft
SuperMarket 2. Approx Store Building Size: 31,000 Sq. ft
SuperMarket 3. Approx Store Building Size: 33,000 Sq. ft

Annual Gross per Supermarket as below:
SuperMarket 1.: $19,800,000
SuperMarket 2.: $13,800,000
SuperMarket 3.: $12,000,000

Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller,employee or business neighbor.
For more information please contact REMY CHEN @ 213-798-9987 or E-MAIL to: 7989987@gmail.com Broker/Agent does not guarantee
accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other
sources. Buyer is advised to independently verify the accuracy of information through personal inspection and with appropriate professionals.

Detailed Information

Location:
Reseda, CA
Inventory:
Not included in asking price
Employees:
225
Facilities:
SuperMarket 1. in Reseda, Approx Store Building Size: 25,000 Sq. ft Rent @ $35,000 + NNN, and SuperMarket 2. in Simi Valley Approx Store Building Size: 31,000 Sq. ft Rent @ $25,000 + NNN, and SuperMarket 3. in Valencia Approx Store Building Size: 33,000 Sq. ft Rent @ $41,140 + NNN all with Ample Parking with long term Lease agreements.
Support & Training:
1 months after close of escrow.
Reason for Selling:
Wants to retire
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(from currently available funds)
 
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Remy Chen

Business Listed By:
Remy Chen

Ivy Realty Co.

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