Description

Turnkey, highly profitable, established Convenience and Tobacco Store for sale in Los Angeles. This store has been in this location for over 20 years although ownership has changed over time. Residents in the area come here to purchase everything including groceries, cleaning supplies, party supplies, make-up supplies, detergents, tobacco, tobacco paraphernalia and everything in between. The services offered include Lottery, WIC, Dolex sublease which generates $850 per month with a five (5) year lease, and there is a large kitchen with the ability to serve food. The owner has all the permits required to sell food, tobacco, lottery, etc. It's a one stop shop for all its customers' needs. The 1,600 SF convenience store generates approximately $12,000 per month is sales and $850 in contractual income from the sublease for the semi-absentee owner for a total of $12,850 monthly gross. Rent is only $1,600 per month. This convenience store accepts EBT which allows it to reach a diverse customer base. The store is located at the corner of a busy intersection at the end of a strip of retail stores with ample parking on the street and its own private parking lot in the rear. There is also a bus stop directly in front of the store. The owner also installed a full camera security system which can viewed from your phone or computer at any time. The owner does not do any advertising so there is opportunity to increase sales with better advertising and offering better food. Additionally, there is opportunity to sell beer and wine which could also dramatically increase sales and revenue! The owner wants to sell quickly so please email, call or text Ryan (310) 739-4867. This business has a leased location of 1600 square feet with a total monthly rent of $1,600. The seller is active in business with 2FT employees. Hours of operation are Monday-Sunday 9am-8pm. Included in asking price are $5,000 in inventory and $5,000 in Equipment and Fixtures.

Posted Sep 28, 2016

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