Long Beach Water Store With Room To Grow For Sale

Business description

This is a newly established business (a little over a year old) that needs to be taken to the next level! It is a beautiful store that is not taking advantage of all the space available. They currently sell, in addition to the water, snacks and Ice Cream. Currently seats 15 but could add more seating Open from 7:30 Am to 7:00 PM. Water Sales are the majority of the gross sales and there are two outdoor dispensers for 24 hours sales. New owner could add a real menu of sandwiches, soft drinks, and there is room to add a grill / hood combination with a food prep area. A little marketing effort could also increase sales and profit. This is an opportunity with a lot of Potential!!!

Property information

Real Estate:

Lease

Lease terms:

9 years remaining on lease with a 10 year option

Leasehold rent:

$1,080 per annum

Location:

The Business is located in a Strip Center off a major street in Long Beach. Behind the center are hundreds of apartment buildings. Adding a menu of inexpensive food items would greatly help the gross sales and net profit. The center has good foot traffic because of the area and the other stores in the center. Business has an ATM machine that brings in about $150/month. Adding things like Lotto and maybe Check Cashing might be a winner also!

Size in square feet:

1,446

Other information

Support & training:

Owner will train for 2 weeks

Reasons for selling:

Seller wants to spend time with her new family so she is offering the business for less than she invested to open it and about the value of the Furniture Fixtures and Equipment.

Trading hours:

Open from 7:30 am - 7:00 pm

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$2,000