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Tobacco & Sundries
Location California,United States
Asking Price Range < $250K
Gross Revenues $185000
Net Profit / Cash Flow $45000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1997
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Retiring
Description Looking for a profitable small business with a great location, potential to grow and a small purchase price? Located in the heart of tourist rich Hollywood, surrounded by 10-neighborhood hotels and thousands of college students is just such a business. It's a successful local tobacco & sundry store. The current owner gutted the original store and rebuilt it from the ground up, creating a rich clean attractive appearance. Given all the tenant improvements the landlord granted a highly favorable 10-year lease for under $1,000 at month, along with an additional 10-year option. The owner came out of retirement 4-years ago and acquired multiple businesses and now finds himself working 12-14 hour days. Financially secure, he's highly motivated to sell and return to retirement with his wife in Europe. He's also selling his other business interests. He recognizes that his inability to devote the necessary attention to the business has prevented it from reaching its full potential, although it has always operated at a profit. Gross revenues are roughly $185,000 a year with margins of approximately 25% the business generates about $45,000 in net income. With a net income of approximately 75% of the asking price this is a great opportunity to acquire a profitable small budget business, with a potential to grow, at a great price!. For more information, please email orcontact Fred Mercuro at 818-342 5222 x341.
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