Review

Cigarettes Store
Retail Related
In or near Los Angeles

Status: Available
Price: $65000
Sq Ft: Sq Ft.

LBA Listing # 6276
 

  




 
Cigarettes Store
Retail Related


Los Angeles LBA Listing # 6276
Gross lotto sales in 2017 & 2018 were about $900,K Plus Annually and commission which I verified by the 1099 that they received for 2018 was $56,K just from lotto and scratches, that means you can pay your Rent, Insurance and Utilities just from the Lotto commission any other income from store is your profit. They sell about $20,K gross per month in addition to Lotto Landlord will provide new lease to qualified tenant (Good credit and 2 years tax return required). Rent is about $2,900 including NNN. Store has been around for over 30 years, 8 years under current owner. You may stand at the store for one week to verify sales as due diligence period.  The Store has a lot of potential to improve by remodeling and adding items such as glass pipes and cigars and electronic Cigarettes.
Status: Available
Price: $65000
Sq Ft: Sq Ft.  


Business Information Financial Information
Ownership Type:  Sole Proprietorship
Year Established: past 30 years
Year Purchased: 8 years ago
Business Type: Cigarettes Store
License(s) Required: Business - Tobacco,
Hours of Operation: 7 am-7 pm / 6xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6276
Date Available: 10/16/2019
Reason For Sale: Retirement
Annual Total Revenue: 240,000+ Commission
Annual Net Income:
Inventory: not included in asking price
Monthly Payroll:
Lease Information
Base Rent: 2,900/m
Lease Expires: New lease
Lease Option:
NNN: included
 
Financing Information
Down Payment: 65,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.