High-End Deli and Wine Store in Artsy Venice Beach Community

Location: California, United States
Category: Retail
Type: Established

Financials

Asking Price: $600,000
Cash flow: $200,000
Revenue: Not Disclosed
Gross Income: $769,000
Inventory: $15,000 - Included in the Asking Price
FF&E $30,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This delightful deli is located in an ultra-artsy, upper income yet bohemian area of Venice Beach. The business offers customers everything to satisfy the most discriminating of cravings - gourmet sandwiches, fine wines, and tasty homemade snacks... not to mention fine coffee and sweets, yet there is still room for new owners to offer more ... (gourmet coffee's, sweets, wines, cheese, meats, smoked fish, caviar, etc.). The space comes equipped with deli cases, a large display fridge, wine racks, and a fully outfitted kitchen with a hooded oven, stove, and prep tables. The business is definitely a positive, lifestyle oriented business as the patrons and employees alike share in the feel-good Venice beach vibe.

Facilities:
This high end deli occupies an ideal 1,000 square feet corner location. The space leases for $2,700 per month, with a lease until 2007 and a 5 year option (the buyer may negotiate more), and at least 2 parking spaces with customer parking (a rare find in Venice!).

Financing:
Not offered ...

Support:
Owner will train for 2 weeks at 20 hours per week.

Competition:
Venice Beach has a number of quaint deli's as they are part of this artistic communities' charm. Fortunately, there are plenty of customers around! Unlike boardwalk locations, this business's revenues are consistent all year long.

Growth:
New owners may seek to allow this deli's natural growth to continue, or to further capitalize on the deli's Beer and Wine sales license by expanding into premium product offerings. New management may also seek to add gourmet sweets, meats, cheeses, caviar's, and deliver their delectables to nearby residents.

General Information

Reason Selling: Personal

Number of Employees: 6
Year Established: 2002