Business Description Busy Market Sells Beer, Wine, and More
SIC Code Organizational Form Partnership
General Location Van Nuys
Selling Price $499,000 Down Payment $499,000
Annual Revenues $786,000,plus a net income of $80,000 from check cashing, lottery tickets, etc. and $3,600 from ATM machines.

Discretionary Earnings $200,000

Days and Hours of Operation 7 am to Midnight

Year Established 1987 Years Owned 4
Full-Time Employees 0 Part Time 1 Managers 0
Other Payroll Information
Hours Owner Works 100
Training & Cost 2 weeks traning
Non Compete 3 miles for 3 years

Executive Summary
Established grocery store with beer, wine, check cashing service, and lotto. This successful grocery store has been operating for 20 years. Approximate net income is $200,000 per year. This market sells beer, wine, and everyday items and also offers a check cashing service, phone cards, lottery tickets and more. This is an excellent business for an owner/operator looking for an investment opportunity. Average annual sales are $786,000 plus a net income of $80,000 from check cashing, lottery tickets, etc. and $3,600 from ATM machines. This market is 1,800 square feet and is in a great location; there is a large residential/commercial area within walking distance of the market. The market is highly visible inside a very busy shopping center. Sale price includes furniture, fixtures, and equipment valued at $50,000. 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 $4,400
Expires 1/1/2016 Building Type Shopping Center
Terms & Options One 5 year option
Square Footage / Dim. 1800 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 $50,000

Real Estate N
Total Assets $50,000

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.
Printed on 10/3/2007 3:37:07 PM by Iqbal Hussain