Best Grocer in Los Angeles - Established 61 Years
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Background
| BizEx ID: | BizEx1322-AK |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Food & Kindred Products Miscellaneous Retail |
| Years in Business: | 61 |
| Under Present Owner: | 61 |
| Hours of Operation: | 8am-7pm 7days |
| Owner Hours: | varies |
| Training: | None |
| Organization Type: | C-Corp |
| Lease Expiration: | 12/31/2022 |
| Lease Options: | |
| Building Size: | 6,450 |
| Employees: | 17 |
| Reason for Sale: | Death of Founder |
Financials
| Asking Price: | $1,695,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $4,191,524 |
| Discretionary Cash Flow: | $364,588 |
| FF&E: | |
| Inventory Included? | |
| Inventory: | |
| Min. Operating Capital: | included |
| Real Estate Available? | No |
| Rent: | $11,600 |
| Payroll: | $51 |
| Financing: | SBA |
| 2019 | 2018 | 2017 | |
|---|---|---|---|
| Gross Sales | $ 4,191,524 | $ 4,068,078 | $ 3,072,667 |
| Gross Profit | $ 1,405,611 | $ 1,326,513 | $ 1,269,270 |
| Disc. Earnings | $ 180,980 | $ 109,073 | $ 154,861 |
