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Los Angeles County, California
Asking Price
$950,000
Revenue
$1,320,000
Down
35%
Cash Flow
Call/Email
Name: Norman Kim
Phone: Show phone number
Name
Norman Kim
Phone
Show phone number
Posting ID:
292871
Attributes:
Absentee Run
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1. Monthly Adjusted Net Income - owner takes home 10,000 avg. after expenses 2. Asking Purchase Price : 160,000 3. Terms - Structure Of The Deal? Down? Will The Owner Carry? Note Terms? : SBA Loan is available with 30% down 4. How Long Established? When Established? When Did The Current Owner Purchase It? : It has been established for over 25 years and 6 years for the current owner 5. Number Of Employees? FT? PT? Does The Business Have A Key Manager In Place? : No employee at this moment 6. Is The Business Run Absentee or Semi-Absentee? Is It: Home Based? An Asset Sale? Relocatable?: No 7. Is Real Estate Part Of The Purchase? Could It Be Part Of The Deal?: No 8. Has The Business Been SBA Pre-Qualified For Business Purchase Financing?: Yes 9. Lease Terms - Years Left, Options Available?, Sq. Ft.?, Describe The Space : New 5+5 years available, 1100 sf 11. Who Are Their Clients? : 100% Hispanic 12. Is The Business Computerized? Do They Track Clients? Send Out Promotional Materials? No 13. Opportunities For Growth? What Can A New Buyer Do To Increase Business/Revenues? : Can increase sale by adding more inventory 14. Describe The Area The Business Is Located In. Be Descriptive. : Mixed with residential & commercial, huge Hispanic residential surrounded 15. What Competition Does The Business Have? :No near competition 16. Will Training Be Provided To The New Buyer? Describe The Training, Length Of Time, etc. : Yes for 2 weeks 17. Reason For Selling: Health? Retirement? Another Business? Divorce? Burned Out : owner has health issue and burned out 18. Hours Of Operation: M-F, Sat, Sun? 9:00am -10:00pm(M-Thurs, Sun) 9:00 -11am (Fri, Sat)
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