Quaint Venice Beach Deli and Convenience Store

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

Financials

Asking Price: $295,000
Cash flow: $121,500
Revenue: Not Disclosed
Gross Income: $344,000
Inventory: $15,000 - Included in the Asking Price
FF&E $45,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This is a very unique high end Deli and Convenience Store located in the heart of the Residential Venice Beach / Venice Canal Area. The store, which occupies approximately, 1,600 square feet, has unbeatable rent for its prime location and provides the new owner the ability to dramatically expand its premium food service offerings.

Facilities:
Located on a main throughway just steps from the beach, the sale comes with plenty of refrigeration units, snack and wine display racks, and deli cases. The location has its own 3-4 car lot, a plethora of walk in traffic, and is perfectly located for delivery service (a permit may be required). The sale comes with inventory, furniture, fixtures, equipment, and a beer and wine sales permit. The lease on the 1,600 sq. ft. (approx.) is an astounding $1,600 per month until 2011; $2,000 per month until 2015!

Financing:
Owner will carry over $200,000

Support:
Owner will train for 2 weeks at 25 hours/wk

Competition:
While there is some general area competition, this store occupies an unmatched location in terms of convenience for local residents, and street visibility for passers by. It s combined Deli / Convenience store operation provides the store to opportunity for multiple revenue streams.

Growth:
New management will most likely seek to expand the menu offering, as well as to seek to obtain any necessary food delivery permits, or a full liquor sales license (if possible). Of course, sustaining the classy, yet relaxing atmosphere the facility currently provides will also help ensure continued sales growth.

General Information

Reason Selling: Personal

Number of Employees: 7
Year Established: 1994