Supermarket in Prime Koreatown, High Vol & Net, KOREATOWN, LA,CA.
Business Description
ESTABLISHED SUPERMARKET OPPORTUNITY IN PRIME KOREATOWN LOCATION
This well-established neighborhood supermarket represents a compelling acquisition opportunity in the heart of Los Angeles' vibrant Koreatown district. Operating continuously for over 25 years, the business has developed strong community recognition and maintains a loyal customer base within this densely populated residential area.
FINANCIAL PERFORMANCE
The operation demonstrates consistent financial performance with average monthly gross sales of approximately $90,000 and net profit margins of approximately $15,000 monthly. This translates to annual gross revenue of approximately $1.08 million with strong cash flow generation.
LOCATION & FACILITIES
Strategically positioned in a high-traffic corridor within Koreatown, the 2,800 square foot retail space benefits from excellent visibility and accessibility. The location is surrounded by dense apartment communities, providing a stable customer base and consistent foot traffic patterns.
OPERATIONS & STAFFING
Currently structured as an owner-operated business with a lean staffing model consisting of two full-time and two part-time employees. This operational framework provides flexibility for continued owner-operator management or potential expansion under new ownership.
REVENUE DIVERSIFICATION
Beyond traditional grocery retail, the business generates additional revenue streams through complementary services including lottery sales, money transfer services, water dispensing, and propane gas sales, enhancing overall profitability and customer convenience.
INVESTMENT DETAILS
Asking price of $549,000 plus approximately $70,000 in inventory. The business does not hold an ABC license. Current ownership is divesting due to health considerations, presenting an opportunity for qualified buyers to acquire an established operation with proven market presence.
This represents an ideal opportunity for experienced retail operators seeking an established business with demonstrated performance in a prime Los Angeles market location.
This well-established neighborhood supermarket represents a compelling acquisition opportunity in the heart of Los Angeles' vibrant Koreatown district. Operating continuously for over 25 years, the business has developed strong community recognition and maintains a loyal customer base within this densely populated residential area.
FINANCIAL PERFORMANCE
The operation demonstrates consistent financial performance with average monthly gross sales of approximately $90,000 and net profit margins of approximately $15,000 monthly. This translates to annual gross revenue of approximately $1.08 million with strong cash flow generation.
LOCATION & FACILITIES
Strategically positioned in a high-traffic corridor within Koreatown, the 2,800 square foot retail space benefits from excellent visibility and accessibility. The location is surrounded by dense apartment communities, providing a stable customer base and consistent foot traffic patterns.
OPERATIONS & STAFFING
Currently structured as an owner-operated business with a lean staffing model consisting of two full-time and two part-time employees. This operational framework provides flexibility for continued owner-operator management or potential expansion under new ownership.
REVENUE DIVERSIFICATION
Beyond traditional grocery retail, the business generates additional revenue streams through complementary services including lottery sales, money transfer services, water dispensing, and propane gas sales, enhancing overall profitability and customer convenience.
INVESTMENT DETAILS
Asking price of $549,000 plus approximately $70,000 in inventory. The business does not hold an ABC license. Current ownership is divesting due to health considerations, presenting an opportunity for qualified buyers to acquire an established operation with proven market presence.
This represents an ideal opportunity for experienced retail operators seeking an established business with demonstrated performance in a prime Los Angeles market location.
About the Business
- Years in Operation
- 25
- Employees
- 4 (2 Full-time, 2 Part-time)
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,800
- Rent
- $10,500.00 per month
- Lease Expiration
- 1/31/2037
About the Sale
- Seller Motivation
- Health
Listing Info
- ID
- 2508833
- Listing Views
- 5
Listing ID: 2508833 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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