B/W Market in South Gate with Low Rent
South Gate, CA
| Asking Price: | $140,000 |
| Gross Revenue: | $420,000 |
| Rent: | $1,990/Month |
| Cash Flow: | $30,000 |
| Inventory: | $20,000 |
| Established Year: | 1965 |
Listing ID: 2260461Listing provided by BizBuySell
BUSINESS DESCRIPTION
MONTHLY GROSS: $35,000
MONTHLY RENT: $1,990
LEASE TERMS: 5+5
STORE SIZE: 1,700 SF.
OPEN HOURS: 9AM-9PM
EMPLOYEES: 2FT
WAGE: $5,400/MO.
OWNER SINCE: 2019
REASON FOR SELLING: BUSY WITH OTHER STORE.
NOT EASY RUNNING THE STORE EMPLOYEE RUN.
FINANCING: CASH
NOTE: GREAT LOCATION WITH GOOD VISIBILITY FROM THE STREET.
PLENTY OF PARKING. LATINO NEIGHBORHOOD.
HAS BEER WINE LICENSE. USED TO GROSS OVER 50K/MO.
GETTING LOTTERY WILL MAKE A HUGE DIFFERENCE.
LOST LOTTERY DUE TO EMPLOYEES.
DETAILED INFORMATION
Location
South Gate, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,700
Employees
2
Facilities
1,700 sf. Low rent at $1990/Mo.
Plenty of parking.
Competition
Not much competition
Growth & Expansion
Used to gross over 50k per month.
Business started going down after losing lottery. New buyer can get the lottery back.
Support & Training
Yes
Reason for Selling
Busy with other store.
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