Price: $549,000
Location: Los Angeles
Industry: Grocery Stores
Listing ID: 5710 JH
Listing Status: New
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
Down Payment: $549,000
Total Sales: $1,080,000
Cash Flow: $180,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
FFE Included: Yes
Inventory: $70,000
Inventory Included: No
Year Established: 2001
Year of last Acquisition: 4
Days & Hours of Operation: 7 days 8am to 10pm
Owner Hours Per Week: Full time
Non-Owner Payroll: $108,000
Employees: 4
Absentee Owner: No
Security on Lease: Yes
Lease Option: 2@5 yrs
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $10,500
Square Footage: 2800
Franchise: No
Reason For Sale: Health Issues
