5652 Hollywood Bl, Los Angeles, CA 90028

$120,000 Approx. USD 0 beds, 0 baths
2,500 sqft

Agent Remarks

Local family Grocery store with a high foot traffic located in a hart of Hollywood. Store has a Hood and serves sandwiches as well as provides a catering services. There is a permition to have multiple tables set up in front of the store on the busy Hollywood Blvd. Inventory and fixtures are included in sales, and comprise off : Multiple refrigerators, for Fish, Meat, Daly, freezers, meat cuter, slicer, meat grinder, Fryers, Hood, Oven, Fresh water dispencer and more. Business financial summary is as follows: (1) Gross monthly sales are $60,000 to 70,000, (2) Net profit per month is $14,000 (3) Rent payment per month is $4,000 and utilities approximately $1500 per month. Store size is approx. 2,000 SF with 500 Sq Ft Storage and office Area (5) No beer & wine, (6) Parking consists of a 4 parking spaces. Current lease will continue for 3 years with 5 years option, however seller wishes a buyer to apply for a new lease term for 5 years plus 5 years option to renew. No lease assignment is available for buyer. Market accepts EBT payments. Revenues can be increase by selling lottery, as well as opening sitting area on the Hollywood Blvd. Next door there is construction going on for 200 unit apartment building that will increase a business tremendously.

Listing Details

Property type: (Commercial)
Status: Active
MLS# CV15146640
List price is $120,000
Beds: 0
Baths: 0
2,500 sqft
0.34 acres
County: Los Angeles
MLS area: C20 - Hollywood

Last Updated: 7/8/2016

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.101675, -118.313396.
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Listing Agent: ALEXANDER

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