Business Real Estate for sale,Los Angeles City, Cap rate 15%
Property Description
It is located on the main street, so it has great transportation and a great location. Sales items are Beer & Wine, Beverages and groceries only. Business sales are $540,000/yearly, Net income is $156,000/yearly. $4,500/month from lottery commissions and $400/month from ATM commissions, totaling around $4,900/month in additional income. Property's lot size is 3,799 SF. and store building size is 2,850 SF. and Zoning is LAC2, commercial zone.
Asking price of the Business is $190,000 plus inventory and Property's price is only $800,000. Total asking price is $990,000 plus inventory. Cap rate is 15% CAP= NOI/PRICE. SBA loans are available. 25 years term. Down payment are required for $250,000. The current store has been in continuous operation for 27 years. Due to accumulated fatigue, the business is presently experiencing burnout and is not operating in an optimal condition. Currently, the opening hours have been shortened, running from 9:30 AM to 6:00 PM, like bank hours. It is certain that if normal business operations are restored, sales will increase.
Asking price of the Business is $190,000 plus inventory and Property's price is only $800,000. Total asking price is $990,000 plus inventory. Cap rate is 15% CAP= NOI/PRICE. SBA loans are available. 25 years term. Down payment are required for $250,000. The current store has been in continuous operation for 27 years. Due to accumulated fatigue, the business is presently experiencing burnout and is not operating in an optimal condition. Currently, the opening hours have been shortened, running from 9:30 AM to 6:00 PM, like bank hours. It is certain that if normal business operations are restored, sales will increase.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- Property's lot size is 3,779 SF. and store building size is 2,850 SF. and Zoning is LAC2, commercial zone.
- Location Description
- It is located on the main street, so it has great transportation and a great location in Los Angeles City.
- Current and Prior Use
- Currently operating as a convenience store market. Sales items are Beer & Wine, Beverages and groceries only.
- Year Built
- 1939
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- SBA Loan is available, 25 years term. Down payment are required for $250,000.
- Current Property Expenses
- Property tax is $8,550 and insurance is $3,000
Listing Info
- ID:
- 2435187
- Listing Views:
Listing ID: 2435187 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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