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This absentee operated Long Beach market boasts a built-in client base due to its ideal location within a bustling residential and commercial area. The business, which didn’t skip a beat during the pandemic, caters to its built-in customer’s daily needs.
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We present an exceptional opportunity to acquire an established Convenience Market Store with beer & wine in LA County, with a solid history of over 34 years, for an asset sale price of just $80,000. This is an ideal venture for a first-time buyer or an experienced owner seeking to expand.This convenience store boasts an expansive walk-in cooler and offers the potential for a comprehensive product range. This could include snacks, tobacco products, energy drinks, sandwiches, dairy products, eggs, over-the-counter medications, dry and canned goods, meats, produce, sweets, and other household items.The store recently got a '20 - OFF-SALE BEER AND WINE License', which was withdrawn on 10-18-2022 and subsequently auctioned by the owner. The new buyer may qualify to apply for a Liquor ABC-21 license. The new owner also has the option to explore other possibilities, such as the introduction of hot food, subject to the city's approval. The local community eagerly awaits an experienced operator to serve their needs.Seize this opportunity to become a valued community contributor while owning and operating a lucrative business.
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The owner established this tobacco and accessory convenience store 9 years ago and is now selling due to a family move out of state. Conveniently located next to major streets with ample shared parking, the store offers easy access for customers. In addition to tobacco and accessory products, the store sells lottery tickets, generating over $10,000 in annual lottery commissions alone. Most sales are walk-in, with the majority paid in cash, according to the owner. The store has secure and steady supplies of products, and the owner will share all relevant information and operational knowledge with the new owner. Currently, the owner operates the store himself and often does not adhere to the 9 AM to 7 PM operating hours. If the new owner can maintain the advertised hours or extend them to 9 or 10 PM like other tobacco shops, the store can potentially increase sales volume. In addition, with 1000 sqft of space, there are rooms for additional products such as soft drinks and snacks (the current owner did that, but in recent years, he removed those because he wants to go easy on himself). In short, this opportunity represents one of the simplest ways for an owner to achieve $100K in earnings. As part of the sale, the new owner will receive all furniture, display cabinets, and inventory valued at up to $5,000 at cost. However, cigarette inventory will fluctuate and is not included in the sale price, rather will be added to the final purchase price. With current profit exceeding $85,000 and an asking price of only $49,000 (which includes inventory roughly at $5,000 at cost and $10,000 in annual lottery commissions), this business is truly priced for a quick sale.
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on all items on your website ensures you will always be profitable & NEVER be undersold! Includes enrollment in MBV University training program.
This well-established smoke shop offers a wide selection of smoking accessories and related products in a professionally designed retail space. The shop has been carefully curated to create an inviting and modern atmosphere, making it highly attractive to both regular customers and new visitors.Currently, the business operates with the help of employees, generating consistent revenue even without full-time owner involvement. However, there is significant potential for increased profitability if the owner takes a more active role in daily operations.Avg Annual Expenses: Cost of Goods Sold (COGS): $233,000 (Approx. 45% of revenue) Rent: $54,000, Utilities: $6,500, Credit Card Processing Fees: $7,000, Insurance: $3,600 Sales & Excise Tax: $55,000With a solid foundation and a steady customer base, this is an excellent opportunity for a hands-on owner looking to maximize profits. Whether you're an experienced entrepreneur in the industry or someone looking to step into a thriving business, this smoke shop offers a well-established operation with room for growth.
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this great opportunity!
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