LOS ANGELES, California
| Asking Price |
$549,000 |
Year Established |
2001 |
|
| Annual Revenue |
$1,080,000 |
Reason for Selling |
Health Issues |
|
| Annual P/L |
$180,000 |
Attention |
Jonathan Hwang |
|
| Annual Cash Flow |
$180,000 |
Listing Number |
1011024 |
|
| # of Employees |
4 |
Business Category |
Food & Beverage: Grocery & Food Stores |
|
Business Overview:
Koreatown Neighborhood Market for Sale
Asking Price: $549,000 + Approximately $70,000 Inventory
Average Monthly Gross Sales: Approximately $90,000
Average Monthly Net Profit: Approximately $15,000
Store Size: Approximately 2,800 Sq. Ft.
Location: Prime Koreatown location with high foot traffic and surrounded by dense apartment communities
Excellent opportunity to acquire a well-established neighborhood market located in the heart of Koreatown. The business benefits from outstanding visibility, strong pedestrian traffic, and a loyal built-in customer base from the surrounding residential neighborhoods.
Established for over 25 years, this market is well known within the community and has maintained consistent average monthly gross sales of approximately $90,000, with average monthly net profit of approximately $15,000.
The business is currently owner-operated with the support of 2 full-time employees and 2 part-time employees, making it an ideal opportunity for an owner-operator or experienced buyer seeking a stable and profitable operation with continued growth potential.
In addition to traditional grocery and market sales, the business generates supplemental income through:
* Lottery
* Money transfer services
* Water machine
* Propane gas services
No ABC License.
Reason for Sale: Health issues.
Office ID 5710 JH
Property Features and Assets:
Market Competition and Expansion:
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