Grove Area Yogurt Shop - Great Street Visibility
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This absentee run Grove / Park La Brea Area yogurt shop for sale with great street visibility, a parking lot, a large kitchen and excellent access is ideal for the working owner who seeks to maintain the yogurt concept and take the business to the next level, for the fast food restaurateur who seeks to offer semi-cooked foods that do not require a hood to prepare, or for the party that seeks to capitalize on this excellent location and parking lot by adding a hood, and offering any variety of food. New owners may also seek to add coffee and pastry items or additional food service offerings. Given the great location with little competition, new owners may consider adding a hood system to convert the business to a full-fledged fast food restaurant. If converted, the location could do well with fast food style burgers, sushi, noodles, Mexican, Thai, Indian, Middle-Eastern or the like.
Asking Price $39,000.
This 1,000+ sq. ft. facility leases for $4,000 per month (plus up to an additional $500). While the current lease has a five year option, a new tenant can likely anticipate a new five year lease with one five year option. The facility comes with 4 large yogurt machines, a commercial juicer, a ice cream display case, several refrigerators and freezers, a rest room, manager's office, and plenty of storage.
This business is located on a high traffic street, in a highly visible location. The business also has one of the world's strongest retailers in its immediate vicinity, ensuring tremendous visibility from 6 am to midnight from the neighbor's endless stream of walk-in and drive up customers.
While there is an expandable brand that has been created, little has been done to capitalize on the high density of nearby high income residents. New owners will likely seek to offer delivery to nearby residents and businesses, as well as make a concerted effort to develop strong brand loyalty.
Financials
Asking Price Range: < $250K
Gross Revenues:
$178,000
Cash Flow:
$46,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $40,000
Seller Financing: No
About The Business
Year Established: 1988
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
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: 700110682
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