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Midcity, Los Angeles

  • Listing No.: 130-00202

  • Category: Retail

Asking Price $99,000.00
Down Payment
Gross Revenue $153,600.00
Total Adjusted Net Income $47,820.00
Equipment / Fixtures $3,000.00
Year Established 1993
General Location Midcity, Los Angeles
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Location, location, location! Buy this gift store and offer gifts to foreign tourists who stop on tour buses. Locals come to the location to do their shopping and buy gifts for their family and friends. Operate this retail store yourself to keep earnings high! Or choose to keep a some of the current part-time employees on staff to take a few days off! You can keep the current type of gifts sourced in LA and make a 70% margin or overhaul the inventory to offer anything you like as long as it allows all stores in this location to thrive. The rent is based on the gross sales so the landlord promotes you and has an interest in helping you succeed!

Gross Revenue $153,600.00 Listed Price $99,000.00
Total Income $47,820.00 Down Payment
Base Rent $745.00 Square Feet 280
Total Rent $745.00 Lease Expiration
Rent Deposit $1,593.80 Lease Options 0
Inventory $12,000.00 Leasehold Improvements $1,000
Equipment / Fixtures $3,000.00 Other Assets 4 Security Cameras ($600), Supplies ($500)
Full-Time Employees Training Period 1 week
Part-Time Employees 4 Special License Required n/a
Contract Staff Reason for Selling Health Reasons

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.