The is located on main street close to 60 FWY. in East Los Angeles. Lot size is 14,948 SF. and Building size is 1,865 SF. Commercial Zoning C-2. Property price is $850,000.
This market sells Beer & Wine, Groceries and Beverages, Gross sales are $480,000/year and Net profit is $120,000/ year. Business price is $140,000 plus inventory $20,000 approximately.
Total price: property+ business= $990,000. Plus, inventory $20,000
Cap rate is 12% CAP= Net Operating Income/Price.
SBA Loan is available; 25 years term, buyers need $250,000 down payment.
The current store has been in continuous operation for 20 years by one owner.
Due to accumulated fatigue, the business is not operating in an optimal condition.
It is certain that if normal business operations are restored, the sales will increase.
And it is easy to convert to other uses if need.
Ad#:2435684
