Seller's Contact Information
- RE: Hispanic Market - Part Of A Chain
- Contact: Agent On Duty
- License #: 01995716
Quick Facts
Asking Price: | $550,000 | |
Annual Revenue: | $1,450,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $170,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2022 | |
Employees: | 8 | |
BBN Listing #: | 559055232 | |
Broker Reference #: | 5304 NKD |
Business Overview:
Listing # - 5304 NKD
For sale is a newly opened Hispanic market, part of a chain of stores established 30 years in Southern California.
They have a very valuable 25-year lease with 2% anual increases, ample parking, high visibility on a major street, and no competition.
The business also sells La Michoacana ice cream, which they manufacture.
Check-cashing and money-wiring booth is subleased.
This business just opened, and sales will continue to grow, as did their other stores.
Beautiful store, very clean and friendly. The sellers are experts in the industry.
Major Expense: Rent - $6,000, labor - $24,000, utility - $2,000, insurance/wc - $1,000, gross profit 40%, supplies - $2,000, credit card fees - $600.
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Reason for Selling:
Build To Sell.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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