Restaurant Supply Retail: Hi-Rev $3.2M, Net $840K, SBA Prvd, Prc $1.5M

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Business Description

> A super high volume of sales and the best income restaurant equipment and supply retail business opportunity in Los Angeles. Outstandingly located at the intersection of major traffic nearby Fwy 10.
> Annual sales exceed $3.6 million, while seller's discretionary net profit is in excess of $940,000 annually under the current operational system.
> Merchandise prices are cheaper than competitors in the town because the most goods sold here are directly imported from those Asian countries as Korea and China.
> Further, they do not have any dealership contracts with domestic suppliers, so there is no burden and no stress with dealer ship.
> Fully operated by one on-site manager, 4 FT and PT employees. Owner couples also voluntarily choose to work only as needed.
> SBA loan with a 30% down payment has already been approved by the major SBA loan bank, including about $1 million worth of inventory in a good working condition, which will be thoroughly audited by a certified third-party inventory agency before closing an escrow.
> Long term lease in place. Reasonable rent below market rate and spacious premises is about 9800 Sq. FT.
> It’s TURNKEY. 14 years in business with a steady growth.
> There is an additional $2,200 rental income from the tenant upstairs.
> See below for summary:
• Price Breakdown: Business- $500,000, not negotiable. Inventory- at least $1,000,000 or more. Partially adjustable according to final determination of both parties after a strict inventory audit by certified third party
• Total monthly gross revenue is around $280,000 and $330,000. Some cash sales are not included
• Monthly net profit is anywhere between $65,000 to $8,000 on average
• High margin rates are over 100%
• Rent is $11,000 including CAM estimate
• Store size is approx. 9800 sq. ft.
• Current lease remains 2 yrs and 10 years option to extend
• Reasonable open hours are from 8:30 am to 6:00 pm, Mon - Sat. Closed on Sun
• Employees are 1 FT manager, 3 FT and 1 PT. The 14 years of all skilled and seasoned staff who have been working together since its establishment will continue to work for you
• Wages are about $15,000 including payroll taxes
• Spacious parking inside the store
• In order to meet the SBA loan or lease eligibility requirements, buyer must demonstrate decent financial statement, 700+ FICO, sufficient down payment in the bank statements seasoned 90 days or more, and at least 2 year of similar business experience or retail business management.
• Online NDA conveniently attached hereto. Sign and resend. Once it is returned to us, we will be happy to provide more detailed finaicial information for your review and address for a "walk-by'
• Contact beeinvest.kim@gmail.com for faster service or send a voicemail / text message to (714) 345-6514.
• It is recommended to come to our office for more information, including financial details, tax returns, lease agreement, loan eligibility

About the Business

Location:
Los Angeles, California
Year Established:
2005
Number of Employees:
4 FT+1 PT
Real Estate:
Leased
Building Sq. Ft.:
9,800
Rent:
$11,000.00 Per Month
Lease Expiration:
12/31/2030
Facilities:
2 story structure. Additional rental income of $2,200 a month, Spacious showroom, Office space, POS system, CCTV, Reception counter, Well organized and displayed. Durable merchandise, In-store own parking, Outside storage space, Mostly imported, Cheaper than competitors
Market Outlook/
Competition:
There are a several competitors in town
Growth & Expansion:
Seller dose no marketting. Active and agreesive marketting needed. Expansion sales territories, and more potential
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About the Sale

Reason For Selling:
Semi-retirement, Have another business
Training/Support:
10 weeks extended training by LA field manager and further training by seller, including on-site meeting with overseas manufacturers / suppliers after the close of escrow
Seller Financing:
SBA loan w/30% down approved

Listing Info

ID:
1671210
Ad Detail Views:
160
Asking Price:
$1,500,000

Gross Revenue:
$3,200,000
Cash Flow:
$840,000
EBITDA:
$780,000
Inventory:
$1,000,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Kevin Kim

Bee Realty Group
License# 01922126

 Show Phone Number

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Report an Issue 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 & Conditions.