About this business
This established beer and wine convenience store is located in a prime, high-traffic area near Downtown Los Angeles, surrounded by residential apartments and businesses with strong pedestrian traffic throughout the day. The area has a predominantly Latino population, providing a robust local customer base. The business has been operating successfully at this location for approximately eight years and generates average monthly sales of approximately $80,000. The store is fully employee-operated with one full-time employee and three part-time employees, making it an attractive opportunity for an absentee owner or investor. The market operates seven days a week from 8:00 AM to 10:00 PM and occupies approximately 4,000 square feet with a monthly rent of $5,200. Additional income sources include approximately $1,500 per month from an outside water vending machine and approximately $3,000 per month in lottery commissions. Convenient customer parking is available in front of the market. The new owner will need landlord approval for a new lease with proposed terms of five years plus a five-year renewal option. Support and training are available. The seller is transitioning due to personal reasons after eight years of successful operation.
Financial overview
Location
Los Angeles, California
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