Hip Culver City Area Market ??? W / Hood, Beer & Wine

www.GlobalBX.com

Listing ID: 700364836

Listing Title: Hip Culver City Area Market ??? W / Hood, Beer & Wine

Quick Link: http://www.globalbx.com/listing.asp?bId=364836

Industry: Food and Beverage

Industry Segment: Grocery and Supermarkets

Country: United States

State / Province: California

Area

City: Culver City

Asking Price Range: < $250K

Gross Revenues: $10

Cash Flow: $10

Cash Flow Type: EBITDA

Year Established: 2012

Number of Employees: 1 - 3

Business Description:
This ultra-hip Culver City Area market with stellar street visibility, onsite parking, a beer and wine license that allows for both onsite and offsite consumption. The eclectic bohemian style market oozes with character and may be converted to any number of concepts. The venue has a full kitchen with a spacious walk-in cooler and separate walk-in freezer. The distinct build-out and versatile layout, kitchen equipment, deli counter set-up and more can be converted to a Gjusta or an Eataly style eatery with a variety of food offerings, with several vendor together and complementary specialty grocery offerings or even a hybrid of a grocery story with multiple food vendors in the vein of downtown's famous Grand Central Market or Culver City's customer embraced Citizen Public Market. This 5,000 square foot facility with onsite parking has a new 10-year lease until 7/31/30 with one 5 year option. The premise leases for $10,000 per month, with 3.0% annual increases. The venues current furniture, fixtures, equipment, and remaining associated goodwill will be included in the sale. Though many grocery markets as well as specialty markets exist in all areas of metropolitan Los Angeles, few have the character this venue does or high discretionary income denizens the neighborhood boasts. The venue's remarkable freeway access coupled with is street visibility and onsite parking provide it several distinct advantages that competitors may find it difficult to contend with. New operators will want to fully understand not only the neighborhood's demographic, but also that of the neighboring similarly high discretionary income communities, given the venue's location on a major throughway enroute to 2 major freeways. In addition to the more innovative grocery and eatery style concepts noted above, new operators may wish to consider implementing a natural foods market, a bakery style concept (e.g. Porto's), or even a high-end butcher shop in the vein of A C



« Close this window »