Deli With Beer License & Patio
Location:
United States
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California
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Southern California - Los Angeles Area
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Covina
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This unique Covina area deli with an on-sale beer license and patio is ideal for a restaurateur seeking a simple operation in a stand-alone building, with parking and 2 patios, and excellent main street exposure. The business has operated for 20 years, specializing in hot and cold sandwiches, salads, smoothies as well as soups and chili. The business is open from 8 am - 6 pm and is easily operated by a full time working owner and 3 part time employees. Historically, the deli has generated in excess of $750 per day, however the owners' extended commute, personal situation and family commitments have made it difficult to capitalize on the business' potential.
Asking Price $45,000.
The deli for sale is located in a 1,400 square foot facility that leases for $1,900 per month (including CAM). The lease offers a five year term expiring in August 2011, with one 5 year option. The sale includes all the assets of the business including the name, buildout, equipment, furniture, fixtures, customer base, goodwill, inventory of approximately $500 as well as an onsale beer (type 40) license.
Competition is considered medium as other restaurants exist in the area, however this facility has such a competitive advantage due to its unique main street location and customer friendly facilities.
This business has a great deal of growth potential. A new owner could promote the deli via direct mail, coupon books, lunch specials, door flyers and local business co-op specials. A new owner may also add a hood or pizza oven, to expand the menu offering to include pizza or chicken wings, or capitalize on the existing structure by adding healthy alternative foods, including specialty drinks and juices, organic foods, wraps and energy drinks, or implement delivery services.
Financials
Asking Price Range: < $250K
Gross Revenues:
$60,000
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $15,500
Seller Financing: No
About The Business
Year Established: 1989
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700109556
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