Dollar Store - Part Time Owner - Busy Area

Business Overview:

Listing # - 5455 HP This discount store represents an exceptional opportunity for ownership, featuring minimal active involvement and straightforward operations. Situated in Koreatown, Los Angeles, the store benefits from its location in an area that blends residential and commercial spaces. Remarkably, it is priced at less than twice its annual net income. Currently, the store maintains consistent performance and offers an extensive selection of products. These range from dollar and above items, packaged foods, beauty products, housewares, baby essentials, energy drinks, and tobacco to various other merchandise. Prospective owners can enhance sales and profitability by expanding the product range to include meat and produce, water sales, and smoke accessories. The business has been a staple in the community for nearly 34 years, with the current proprietor having managed it over the last four years. Operational expenses and monthly outlays include payroll at $5,500, rent at $5,700, electricity at $650, insurance at $450, licenses at $80, phone and internet services at $145, merchant services at $450, and NRC register fees at $25. In addition to its primary revenue streams, the store generates supplementary income through lottery commissions ($450 monthly) and ATM commissions ($200 monthly). 

Reason for Selling:

One Partner is Going to Move to Another State

Additional Details:

Documents:

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