26-Year Sundry Shop | Under-Market Rent | Prime Wilshire Location
Business Description
Well-established convenience and sundry store operating for 26 years inside a Class-A office building along the Wilshire Blvd corridor in West Los Angeles.
The business serves a captive daytime customer base, including office tenants, international organizations, and building staff. Product mix includes cigarettes and tobacco products, beverages, candy, gum, snacks, and a large gift card program. Additional recurring income is generated through secure locker rentals, providing non-retail revenue.
The store occupies approximately ~1,200 square feet and is located on a recently renovated building floor. Newly constructed high-rise residential buildings in the immediate area have increased foot traffic, with customers regularly coming from adjacent buildings.
The business operates under a highly favorable lease with fixed rent of $2,410/month, substantially below market for the Wilshire / West LA corridor. The current lease term runs through March 31, 2027. Lease assignment or a new lease is subject to landlord approval.
Current annual gross revenue is estimated at $120,000–$180,000, reflecting conservative pricing and limited active management. The business offers clear upside potential, with opportunity to increase revenue by 30%–50% through improved pricing, expanded selection, and owner-operator involvement.
Ideal for an owner-operator or family buyer seeking a stable, low-overhead business with growth potential in a premium West Los Angeles office environment.
The business serves a captive daytime customer base, including office tenants, international organizations, and building staff. Product mix includes cigarettes and tobacco products, beverages, candy, gum, snacks, and a large gift card program. Additional recurring income is generated through secure locker rentals, providing non-retail revenue.
The store occupies approximately ~1,200 square feet and is located on a recently renovated building floor. Newly constructed high-rise residential buildings in the immediate area have increased foot traffic, with customers regularly coming from adjacent buildings.
The business operates under a highly favorable lease with fixed rent of $2,410/month, substantially below market for the Wilshire / West LA corridor. The current lease term runs through March 31, 2027. Lease assignment or a new lease is subject to landlord approval.
Current annual gross revenue is estimated at $120,000–$180,000, reflecting conservative pricing and limited active management. The business offers clear upside potential, with opportunity to increase revenue by 30%–50% through improved pricing, expanded selection, and owner-operator involvement.
Ideal for an owner-operator or family buyer seeking a stable, low-overhead business with growth potential in a premium West Los Angeles office environment.
About the Business
- Years in Operation
- 31
- Facilities & Assets
- Furniture, fixtures, shelving, display cases, POS system, refrigerators/coolers, freezers, security/lockers, signage, and related equipment.
Inventory to be transferred at cost at closing. - Market Outlook / Competition
- Limited direct competition in the immediate area. The business operates as the only on-site sundry/convenience store serving a Class-A office environment within approximately a 1-mile radius.
The store benefits from captive daytime demand from surrounding office buildings and nearby residential properties. Recent and ongoing high-density apartment development in the immediate area has expanded the local customer base, with residents from adjacent buildings regularly patronizing the store. - Opportunities for Growth
- Clear growth opportunities exist under active owner-operator management. Revenue can be increased through updated pricing, expanded product mix (high-margin beverages, snacks, and convenience items), and optimized gift card merchandising.
Additional upside is available through extended operating hours, improved in-store merchandising, and increased utilization of locker rentals. Continued residential density growth in the immediate area further supports incremental sales without additional fixed costs.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- $2,410.00 per month
- Lease Expiration
- 3/31/2027
About the Sale
- Seller Motivation
- Owner retirement.
- Transition Support
- Seller will provide brief training during transition to introduce operations, suppliers, and procedures.
- Financing Options
- Seller financing not available. Cash or buyer-arranged financing only.
Listing Info
- ID
- 2459524
- Listing Views
- 9
Listing ID: 2459524 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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