General Store/Market - 35+ Years in Business

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Background

BizEx ID:BizEx1302-AK
General Location:Los Angeles, CA
Category: General Merchandise Store
Liquor Stores
Years in Business:35
Under Present Owner:3
Hours of Operation:9am - 9pm
Owner Hours:n/a
Training:2 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:2023
Lease Options:5 years - 2028
Building Size:2,500
Employees:2
Reason for Sale:Sellers have additional businesses that are in need of their attention

Financials

Asking Price:$45,000
Down Payment:Negotiable
Gross Sales:$127,807
Discretionary Cash Flow:$Call
FF&E:$35,000
Inventory Included?Yes
Inventory:$20,000
Min. Operating Capital:$20,000
Real Estate Available?No
Rent:$6,654
Financing:Call

Pictures


Description

A charming family-owned general store with a lot of potential for growth. Located in a strip mall on the corner of a busy street.

Fully paid beer and wine license.

New development in the area includes an office building for 3000+ people that is being built just down the street, and a 700+ residential apartment complex being developed next door.

The owners have other businesses that require their full attention. The daily operation is run by employees.

This is a great opportunity for an owner-operator willing to work long hours to nurture and grow a popular neighborhood market. 

While sales are up year over year even with the pandemic the business is not yet profitable and is being offered as an asset sale for less than the assets and inventory.

The market is located in a strip mall that serves as the only commercial outlet for the surrounding neighborhood. Across the street from the market are the offices of a large corporation with >300 employees.A number of private homes and apartment buildings are nearby.

The market experiences increased traffic during lunch hours when local workers from nearby offices visit the strip mall for lunch. Traffic increases again in the evenings when diners visit the well-reviewed restaurants located in the strip mall. Otherwise, many customers are recurring local residents who frequent the market throughout the day.

Interested parties please go to www.bizex.net and register as a buyer then call Arthur Kessler at 310 650-7900.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Arthur B. Kessler
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rel, CA 90292
Office: (310) 882-2200 ext 126
Direct: (310) 650-7900
Lic#: 01227004

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations