Industrial Space Overview
LHC Enterprises Inc., a large supermarket with a diverse range of Asian grocery options, is currently on the market. Established in 1997, the spacious 46,000-square-foot facility has three leased spaces, including a 3,000-square-foot space rented for $3 per square foot on a month-to-month lease. The business benefits from high visibility, operating daily from 9 am to 12 am.
With 2022 gross sales reaching $16,000,000, the supermarket caters to a large local Asian community. The current inventory, valued at approximately $7,000,000, is excluded from the purchase price and will be calculated at the close of escrow. The long-term owner is willing to assist with the transition for six months with an undisclosed salary.
The purchase options are as follows:
* Business only: $2,500,000
* Property only: $16,000,000
* Business and property together: $18,500,000
The attached warehouse specifications provide detailed information on the property's dimensions, features, and utilities.
With 2022 gross sales reaching $16,000,000, the supermarket caters to a large local Asian community. The current inventory, valued at approximately $7,000,000, is excluded from the purchase price and will be calculated at the close of escrow. The long-term owner is willing to assist with the transition for six months with an undisclosed salary.
The purchase options are as follows:
* Business only: $2,500,000
* Property only: $16,000,000
* Business and property together: $18,500,000
The attached warehouse specifications provide detailed information on the property's dimensions, features, and utilities.
