Background
| BizEx ID: | BizEx1408-AK |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Convenience Stores Amusement & Recreation |
| Years in Business: | 4 |
| Under Present Owner: | 4 |
| Hours of Operation: | 8am-9pm seven days |
| Owner Hours: | 3 hours per week |
| Training: | 3 weeks @ 20 hours |
| Organization Type: | Sole proprietor |
| Lease Expiration: | 2022 |
| Lease Options: | two 3 year |
| Building Size: | 2400 sf |
| Employees: | 4 |
| Reason for Sale: | Owner's health |
Financials
| Asking Price: | $225,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $168,000 |
| Discretionary Cash Flow: | Call |
| FF&E: | $50,000 |
| Inventory Included? | No |
| Inventory: | $50,000 |
| Min. Operating Capital: | $85,000 |
| Real Estate Available? | No |
| Rent: | $4,800 |
| Payroll: | $5,200 |
| Financing: | Seller |
Description
Excellent cannabis zone location.
Hundreds of apartments within a very short distance.
Terrific lease with 420 friendly landlord.
Seller has architectural plans approved by the City.
Steel security doors.
Buyer needs to obtain delivery license and do minor build out.
Interested parties please register as a buyer at www.bizex.net then call Arthur Kessler at 310 650-7900 to learn more about this unique opportunity.
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.
