Business Description Hispanic Grocery Store w/Beer, Wine, Check Cashing
SIC Code Organizational Form Sole Proprietorship
General Location Pomona
Selling Price $299,000 Down Payment $299,000
Annual Revenues $936,000 Discretionary Earnings $165,000
Days and Hours of Operation 8 - 8:30; 7 days/week
Year Established 1930
Years Owned 4
Full-Time Employees 2 Part Time 2 Hours Owner Works 45 hrs/week
raining & Cost Training: 2 weeks
Non Compete 3 miles for 3 years
Executive Summary
Established grocery store with beer, wine, meat, and produce departments with a check cashing service established for 77 years. Net income is approximately $165,000. Store sells, meat, produce, beer, wine, gifts, and everyday items and offers check cashing, phone cards, lottery tickets, etc. Excellent business for an owner/operator looking for an investment opportunity. Annual sales approximately $840,000 plus $96,000 from check cashing, lottery tickets, phone cards, and approximately $8,000 from vending machines and misc. Store is approximately 7,000 square feet and in a prime location with ample parking. Sale price includes $80,000 of furniture, fixtures, and equipment. Profits may be substantially increased by adding a deli/fast food counter along with frozen food selections and value items. Produce and meat departments could also be expanded. This is a great opportunity to own an established money making business. Confidential business information provided to qualified buyers only.
Lease / Building Information
Monthly Lease/Rent $7,000
Expires 1/1/2014 Building Type Free Standing
Terms & Options two 5 yr. options
Square Footage / Dim. 7000 Seating
Other
Assets (Y=Included / N=Not Included / A=Available)
Accounts Receivable N
Licenses N
Inventory N
Type of License
L/H Improvements N
Other Assets
Furniture / Equipment Y $80,000
Real Estate N
Total Assets $80,000
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.