Established Auto Parts Retail Business in Los Angeles

This is a prime opportunity to acquire a well-established auto parts retail business located in the bustling automotive sector of Los Angeles, California. The business boasts impressive financials, generating annual revenues of $3,480,000 with a monthly average of $290,000. It has a net annual income of $480,000, resulting in a consistent monthly cash flow of $40,000. Operating six days a week, the business demonstrates operational excellence with a net profit margin of 19.2%, significantly above the industry average. The facility spans 4,747 sq. ft. and includes 10 dedicated parking spaces, situated on a lot of 7,758 sq. ft. The asking price comprises $700,000 for the business plus $500,000 for inventory, with a total investment of $2,000,000. Established in 1966, the business employs 16 staff members and offers four weeks of training for the new owner.