Historic Venice Beach Fast Food Shop in Busy Location

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $265,000
Cash flow: $106,339
Revenue: Not Disclosed
Gross Income: $258,001
Inventory: Not Disclosed
FF&E $80,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This historic fast food restaurant is located in a prime beachfront location right on the world famous Venice Beach Boardwalk. This businesses classic fast food and beverage menu allows for high margins cash sales on all of its products, particularly its ice cream, sodas and milkshakes. The restaurant enjoys extremely strong sales during the summer months and is profitable year round. Currently management have relied on the businesses location in lieu of active marketing, however, sales growth via increased marketing and service offering are possible.

Facilities:
This business has 2 full time and 1 part time employees. It occupies an ideal location on one Los Angeles s busiest foot traffic pedestrian streets, as over 100,000 people visit the Venice Beach Boardwalk on any given weekend. This unique opportunity come complete with inventory, soft serve ice cream machine, milk shake machine, cappuccino machine, coffee maker, grill, ice machine, soda fountain, security system, cash register, display cases, and sound system. The facility is 256 square feet with monthly rent of $4,844, with a

Financing:

Support:
2 Weeks at 20 hrs/week

Competition:
The business has several nearby competing restaurants and food venders, however, it maintains a competitive advantage due to its central location on the boardwalk, its easily accessible store front (it is a corner location), and its exclusive right to sell its products in the center it is located in which provides protection from immediate competition.

Growth:
New management would likely seek to pursue additional means of marketing and advertising, such as passing out flyers or coupons, employing boardwalk touts to pull customers in, or renovating the businesses exterior. New management may also consider further expanding the business s menu to capitalize on its exclusive right to sell certain product types within the complex.

General Information

Reason Selling: Personal

Number of Employees: 3
Year Established: 1986