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Food Market

  • Status: Available
  • Price: $420,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
925-361-5429
Mobile:
925-361-5429
  • Listing No: 6341
  • Status: Available
  • Area: Los Angeles
  • Price: $420,000

Description

Great Opportunity to Purchase this family owned and operated Mediterranean Market & deli in L.A. County area.  Seller claims his Average Gross Monthly Sale is $70,K. Rent is about $3,000 per month including NNN.. Lease expires 2023 plus 2 x 5 years options. This 2,121 sq.ft. is the only Market in that area which carries Armenian, Persian, Arabic, Indian and ETC specialty products and produce. It has Great Deli section and Choices. the Business is growing year after year since they open the store 3 years ago. Seller just added LOTTO to the market. Beer & Wine license is an additional option for revenue source for new Buyer if they wish to obtain the license. Inventory is in addition to the asking price ($80,K to $100,K at cost).

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased: 2019
Business Type: Market
License(s) Required: Business, Health, Lotto
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6341
Date Available: 08/25/2021
Reason For Sale:

Financial Information

Annual Total:
840,000
Revenue:
840,000
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
3,000
Lease Expires:
2023
Lease Option:
2 x 5 years option
NNN:
Included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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