Grocery Market near Torrance

Harbor City, CA
listing image
Asking Price:$550,000
Gross Revenue:$1,560,000
Rent:$6,932/Month
Cash Flow:$180,000
Inventory:$100,000
BUSINESS DESCRIPTION

MONTHLY GROSS: $130,000
MONTHLY RENT: $6,932
LEASE TERMS: 2+5+5+5
STORE SIZE: 3,000 SF.
OPEN HOURS: 7AM-9PM
EMPLOYEES: 6 FT
WAGE: $22,850
OWNER SINCE: 2022
REASON FOR SELLING: PARTNERSHIP BREAK UP
FINANCING: ALL CASH
NOTE: LOCATED ON A MAJOR STREET IN A
LATINO NEIGHBORHOOD. PLENTY OF PARKING.
CURRENTLY SELLING GROCERIES, VEGETABLES,
MEAT, SNACKS AND ICE CREAM. NO BEER WINE.


DETAILED INFORMATION
Location
Harbor City, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Employees
6
Facilities
3,000 sf. Located on a major st.
Competition
Not much competition
Growth & Expansion
Room to grow with owner operator. Currently manager run.
Support & Training
Seller will train
Reason for Selling
Partnership split
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Jack Oh