Hispanic Market, Part of a Chain of Stores

Hispanic market, part of a chain of stores established 30+ years in Southern California.
Sellers are exoerts in this field in designing, location, set up and negotiating leases.
Excellent lease, fixed rent next 3 years plus 4 X 5 year option with only 2% increase per year.
They sell meat, produce, grocery, La Michoacana ice cream which they manufacture and deliver to the store .
Beautiful clean store with no expense spared for fixtures and equipment.
Free standing building on major street with parking. High visibility!
Major Expense: Rent-7000, labor-19,000, food cost-(60%)-78,000, utility-2000, credit card fees-1000, W/C-1500,
supplies-1500

Down Payment: $550,000

Total Sales: $1,600,000

Cash Flow: $180,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: $100,000

Inventory Included: No

Year Established: 2000

Days & Hours of Operation: open 7 days, 7am to 9 pm

Owner Hours Per Week: Minimal

Non-Owner Payroll: N/A

Employees: 6

Real Estate: N/A

Monthly Rent: $6,900

Type of Location: Free Standing

Square Footage: 2400

Relocatable: No

Reason For Sale:

Corporate Sale