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For Sale: Market - High Adjusted Net Income, High Profit - Inglewood, California

$670,000.00

Asking Price

  • Address: Inglewood,

  • Status: Active

  • Posting ID: 286466

  • 5/8/24

Description

The seller wants to retire. The operating hours are short, from 8:00 am to 8:00 pm, except on Sundays when it's from 10:00 am to 8:00 pm. The property includes a free-standing building with plenty of parking space, totaling 5,700 square feet. The rent is $4,100 per month, including NNN expenses. The business yields a high-profit margin, ranging from 35% to 40%. Additionally, there's a lottery income of $5,330 for the year 2023.

The adjusted net income is high at $250,000 per year after taxes. Revenue from meat sales amounts to $15,000 monthly, while produce sales generate another $15,000 each month. There's also rental income of $1000 per month from a Taco shop located in the parking lot.

More than 90% of income is reported for taxes, totaling $250,000. The business sells snacks abundantly and is easy to manage. It employs six individuals with a total monthly wage of $14,000. The establishment features two counters.

To get more information about this Market - High Adjusted Net Income, High Profit business for sale in Inglewood please phone Steve Kim (Agent - BRE License #:01068216) at 213-880-5688 Cell and 213-880-5688 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286466 on BizBen.com. In addition to phoning Steve Kim, make sure you email Steve Kim above to get more info about this Market - High Adjusted Net Income, High Profit, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01068216. Wilshire Realty.

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Contact

  1. Name: Steve Kim
  2. phone iconPhone: 213-880-5688 Cell
  3. phone iconPhone: 213-880-5688 Text

Details

  1. Asking Price: $670,000.00

  2. Down: $270,000.00

  3. Cash Flow: $250,000.00

  4. Revenue:    $17,000,000.00

  1. Area: Inglewood

  2. City: Inglewood

  1. Attributes:

    Home BasedTraining & SupportSBA Loan Pre-Qualified

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Related Links & Information Regarding This Posting

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