Discount Store For Sale

Business description

This Discount/99cents/Convenience Store Is Well Located on a spot point on a busy corner in Los Angeles. That location has a 24 years history prior to be renovated as a discount store and is 2500 Square Feet. Thus the store has enjoyed a loyal customer base for 27 ½ years. It is Fully Stocked With 65K Of Inventory Included In The Price. The Owner Is Selling in order To Focus On His wholesale business selling to discount stores. The area is mainly populated with Salvadorians, Hondurans, Guatemalans and Mexicans. There is foot traffic coming from the residential area apartments and homes located close by. There are 2 coin laundries located across the street bringing traffic and a school is very close to the store. The store only accepts cash at this time; accepting credit card and food stamps would be a good idea that the owner has not yet implemented to increase the sales. At this time, the store functions with a husband and wife team and one employee. The rent is 3400 + NNN for a total of $4000 – It is located close to the warehouses where supplies are purchased. Air conditioning is new like the premises. There is a potential to rent the store next door of 1000 square feet for only $1000 if you are willing to sale small appliances and buy them from the landlord who manufactures them; in fact he used to sell them himself until he dedicated himself to the manufacturing. The landlord says that you will double your bottom line doing so.

Property information

Real Estate:

Lease

Other information

Support & training:

2 weeks at 40 hours per week following the close of escrow.

Reasons for selling:

Other business projects.

Trading hours:

Monday-Sunday 8:30-9:30

Inventory / Stock value:

$65,000 (included in the asking price)