Mail & Shipping Store - $94,000 net profit

Sherman Oaks, CA
Los Angeles County

Major San Fernando Valley Blvd


Asking Price: Annual Revenue:
$210,000 $215,000

Services: Business & Office Services


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RE: Mail & Shipping Store - $94,000 net profit Broker: Mike Jasani
License #: DRE 01372982

Quick Facts

Asking Price: $210,000
Annual Revenue: $215,000
Net Profit: $93,800
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: Not Disclosed
BBN Listing #: 993059530
Broker Reference #: SBB2014

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Business Overview:

$93,808 Net Profit! Established since 1993 and under same owner for 27 years! Retirement forces sale! $93,000 average net profit for the last 3 years! 2019 Gross sales revenue was $214,247! Very good books and records! Bank financing possible with 30% down payment, good credit and experience.
This 1,000 square feet store has 490 mailboxes with 85 to 90% occupancy generating an annual revenue of about $87,000 which more than covers the rent and all overheads of the business which are currently at about $63,000. Notary services brings in an additional $22,000 annually! Sales of boxes, stationery, packing and shipping (UPS, Fedex), etc. brings in about $100,000 plus annually. Buyer can introduce finger printing, color copying, utility bill collections, etc. to increase revenues. Excellent business for a working owner! Situated in a major grocery anchored strip mall in the San Fernando Valley! Upper middle class and richer customer base. Landlord will give a new lease for 4 years with an option for 3 years. Thereafter options are negotiable. Two computers and copy print machine, camera, closed circuit security system, etc. are included in the sale.
For more information, please contact and email the NDA to Mike Jasani.

Inventory at approximately about $5,000 is not included in the sale price. Seller will help the buyer in the transition of all contracts with UPS, Fedex, USPS, etc. and provide two weeks of training.

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Property Features and Assets:

The store is located in a strip mall on a very busy blvd. anchored by a major grocery store.

Market Competition and Expansion:

Business has been there since 1993 with last 3 years average net profits at about $93,000.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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