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Local Excellent Hispanic Market In Baldwin Park For Sale

Baldwin Park, California - South, US
Asking Price:
$599,000
Sales Revenue:
$2,040,000
Cash Flow:
$280,656

The Market is a fantastic neighborhood market. Serving the area for over 15 years, this market sells fresh produce, meats, and grocery products tailored to the local community.
The store has all the pieces in place. Stores with meat departments get more traffic; meat represents approx 30% of gross sales. It is located in a safe Hispanic neighborhood with a loyal customer base that have been shopping here for years. The surrounding area is densely populated, with many apartments and single family homes nearby, and The Market is their preferred stop for groceries. The area is well established, so you’re not likely to have new competition spring up nearby. Lease terms are outstanding only $6,186 month, not only is the current rate under market, but they sublease a portion of their warehouse for $2,000 month, which covers a nice chunk of the rent A 12,000 sq ft building lease only $4,186 after sublease payment

Property Information

Real Estate:

Lease

Lease Terms:

Only $6,186 and subleases part of the backroom for $2000 month

Living Accommodation:

N/A

Location:

Excellent location on a well traveled Street

Premises Details:

12,000 SQ FT building with lots of parking on both sides of the building. Nice Kitchen with Food To go Section

Business Operation

Expansion Potential:

Current owners do zero advertising or marketing of any kind; advertise after sprucing it up and grab some easy gains. There is also a perfect spot in the building to add additional services that the local community uses to increase revenue: check cashing, money wires, money orders, and bill pay.

Competition / Market:

None

Reasons for selling:

Downsizing Partnership Spitting Up

Trading hours:

7 AM to 9 PM 7 Days

Employees:
F/T 8 P/T 9
Years established:
Many established years over 20

Other Information

Support & training:

Owner will Train Buyer

Financing available:

SBA Financing Available

Inventory / Stock value:
$125,000

Contact Information

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