El Segundo Convenience Store & Deli w/ Beer & Wine Near Beach

Location: California, United States
Category: Retail
Type: Established

Financials

Asking Price: $55,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: Not Disclosed
Inventory: $15,000 - Included in the Asking Price
FF&E $80,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This beautiful convenience store is a prime turn-key operation for a new owner to move into. This store has a full deli/meat department and beer and wine license, and has been a staple in the community for over 20 years. This store, which caters to the local community and neighborhood, has a rare lease of less than $1 per square foot.

Facilities:
Centrally located less than a mile from the Beach, in a quaint community, this business currently has over 2 years remaining on a 5-year lease, with an additional 5-year option. The monthly rent is $2,700, and occupies 3,500 square feet, plus 5 parking spots next to the building. The sale includes over $80,000 of assets, including a 6 door cooler, full deli and meat department, and full soda, coffee, and slushee service stations.

Financing:
Not Offered

Support:
4 weeks @ 20 hrs/wk

Competition:
Competition is considered low as the closest market/store is over a mile away.

Growth:
Many opportunities for growth exist. The current owner has not opened the deli or the meat department to the public yet. Sales could be increased further by offering delivery of groceries to the community, a service not yet offered by other businesses.

General Information

Reason Selling: Personal

Number of Employees: 3
Year Established: 1985