Business & Property in Los Angeles

Asking Price$990,000

Gross Revenue
$540,000

Net Operating Income$120,000

FF&E$30,000
Included in asking price
Building Sq. Ft.2900

Price per Sq. Ft.$276.00

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Business & Property in Los Angeles


Asking Price$990,000

Gross Revenue
$540,000

Net Operating Income$120,000

FF&E$30,000
Included in asking price
Building Sq. Ft.2900

Price per Sq. Ft.$276.00

Property Description
It is located on the main street, so it has great transportation and a great location. Sales items are Beer & Wine, Beverages and groceries only. Business sales are $540,000/yearly, Net income is $120,000/yearly. $4,500/month from lottery commissions and $400/month from ATM commissions, totaling around $4,900/month in additional income. Property's lot size is 3,800 SF. and store building size is 2,900 SF. and Zoning is LAC2, commercial zone. Asking price is $990,000 plus inventory. Property's price is only $800,000. SBA loans are available. The current store has been in continuous operation for 27 years. Due to accumulated fatigue, the business is presently experiencing burnout and is not operating in an optimal condition. Currently, the opening hours have been shortened, running from 9:30 AM to 6:00 PM, like bank hours. It is certain that if normal business operations are restored, sales will increase.
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
Property's lot size is 3,800 SF. and store building size is 2,900 SF. and Zoning is LAC2, commercial zone.
Location Description
It is located on the main street, so it has great transportation and a great location.
Current and Prior Use
Currently operating as a convenience store market.
Year Built
1927
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
It can be financed with an SBA loan. requiring a down payment $210,000. (approximatel
Current Property Expenses
Property tax is $8,550 and insurance is $3,000
Listing Info
ID:
2422681
Listing Views:
13

Contact Seller

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Property Listed by: STEVE YOON RedPoint Realty

Listing ID: 2422681 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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