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Deli Restaurant
Location: United States -> California -> Southern California - Los Angeles Area -> El Segundo
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This El Segundo deli, which is priced for a quick sale, boasts a high traffic location with great street visibility on a major thoroughfare. The restaurant has operated as a nationally branded deli for over 25 years, but may be converted to an independent deli or an entirely new concept. The facility has a walk in refrigerator however it does not have a hood, making it an ideal location for a non-franchise deli, poke bar, yogurt concept, juice bar, other health food concept or a coffee shop. The facility has premium street frontage and heavy vehicle traffic, with convenient freeway access.

Asking Price $39,000

This 1,100 square foot facility leases for $5,300 per month including triple net (NNN) expenses, with lease coverage through 2024 plus two 5-year options. All of the business's furniture, fixtures and equipment will be included in the sale. Inventory, if desired, will be sold cost at close in addition to the purchase price. The location does have an onsite parking lot.

Competition is considered to be medium in the area as other commercial centers with food service exist, however this venue's location with easy in and out access, excellent street visibility and convenient parking, provide it a meaningful competitive advantage.

This opportunity provides its new operator the opportunity to launch a new restaurant or expand their existing brand potentially with very little upfront investment. As it has operated as a nationally branded franchise deli for over 25 years, a non-branded deli concept would likely retain a solid portion of the current customer base. On the other hand, a new concept could capitalize on the location's attributes, as well as growing commerce and business districts in the surrounding area. Shall a buyer wish to install equipment with an electric hood or a self-contained hood, there are a myriad of concepts that may thrive in this location!


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $10,000
Seller Financing:  No

About The Business

Year Established:  1992
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks at 20 hrs/week
Reason For Selling:  Other business ventures

Photos

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Deli Restaurant Photo 1




Print Listing Id: 700281195
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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