Best Grocer

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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

Pictures


Description

Growing grocery and produce market located on a busy business street.

This business is in the essential business category and has stayed open and growing during the pandemic.

More than 60 years of success in this community.

Management in place.

Corporate sale with huge retained earnings.

This market features a wide range of ethnic and American items.

Add a liquor license and substantially increase the net earnings.

Specialty meats are one of the many highlights of this market.

Semi absentee ownership is possible.

This sale partially finances itself. Very unique situation.

Very neighborhood friendly business that caters to all tastes..

Interested parties please register as a buyer at www.bizex.net. Then call Arthur Kessler 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