Market & property in Los Angeles County. CAP rate 12%
Property Description
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.
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.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- Lot size is 14,948 SF. and Building size is 1,865 SF. Commercial Zoning C-2.
- Location Description
- Seller train the buyer within 10 days without any cost.
- Current and Prior Use
- Current and prior use is convenience market. And it is easy to convert to other uses if need.
- Year Built
- 1957
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- SBA Loan is available; 25 years term, buyers need $250,000 down payment.
- Current Property Expenses
- Property tax $10,536. insurance $2,216
Listing Info
- ID:
- 2435684
- Listing Views:
- 23
Listing ID: 2435684 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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