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For Sale: Beet And Wine Market With Property - Long Beach, Los Angeles County

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Current Status: Active     Posting #: 245888     Last Refreshed: 11/12/18     BRE License #: 01297948    
Contact: Remy Chen At 213-798-9987  -  Also Email This Contact Below
Price:  $890,000+INV     Down:  Call     Adjusted Net:  Call     Revenue:  $700,000    
Business Address:  On Cherry Ave.     City:  Long Beach     Zip:  90813    
Attributes:  Training & Support, Real Estate Included     Cooperation With Brokers?  No
Long Beach, Los Angeles County Beet And Wine Market With Property Business For Sale Beet And Wine Market With Property Company For Sale Long Beach, Los Angeles County Beet And Wine Market With Property Companies For Sale Buy, Sell A Beet And Wine Market With Property Business Selling A Long Beach, Los Angeles County Beet And Wine Market With Property Beet And Wine Market With Property Business Opportunity

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  Description About This Posting: Beet And Wine Market With Property
Beer & wine freestanding meat market with property for sale
Approx 3,536 sq ft situated on approx 6,080 sq ft., lot, highly visible building, populated with hispanics, plentiful parking spaces. Tremendous upside potential by adding wic and recycle which can be facilitate in back of the property. Subject store is qualify for sba loan w/ lender' approval of buyer. Asking $190k for businesses & asking $700k for property = $890,000+inv. Great asking price, very clean store, market established since 60's, a must-see!

Business type: grocery meat market with beer & wine
Days open & hours: 7 days /8:00am to 8:00pm
No. Of employee: 1 full-time and 2 part-times with owner working full time

Approx, represented by seller as per listing agreement
Proforma below:
Approx total annual net sales 684,000.00
Total cost of good sold $444,600.00
Gross profit $239,400.00
Approx annual operating expenses
Property tax $7,797.00
Loan payment - 1st td $50,118.72
Payroll, including payroll taxes $77,400.00
Workman's comp $4,200.00
Liability & property insurance $3,600.00
License and permits $2,500.00
Maintenance / repairs $4,000.00
Professional fees $2,400.00
Alarm $420.00
Telephone + internet $2,880.00
Utilities - electricity $15,600.00
Trash $1,200.00
Water $960.00
Misc, such as taxes and others $8,000.00
Total expenses $181,075.72
Net income, (after debt service) $58,324.28
Extra income, lotto & water $24,960.00
Approx annual net income after debt service $83,284.28

Remark: prime location, highly populated with hispanics
Remark: tremendous potential by adding wic & recycle which can be facilitate in back of the property.

Please, under any circumstances, do not disturb discuss the sale of the business with any employer/seller, employee or business neighbor, for more information please contact remy chen.

Broker/agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.

To get more information about this Beet And Wine Market With Property business for sale in Long Beach, Los Angeles County please phone Remy Chen (Agent - BRE License #:01297948) at 213-798-9987 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #245888 on BizBen.com. In addition to phoning Remy Chen, make sure you email Remy Chen above to get more info about this Beet And Wine Market With Property, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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