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Market

  • Status: Available
  • Price: $199,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
661-816-1141
Mobile:
661-816-1141
  • Listing No: 6526
  • Status: Available
  • Area: Los Angeles County
  • Price: $199,000

Description

Prime European Food Market in Los Angeles County

Opened: 2022
Asking Price: $199,000
Overview:

This is a thriving European food market located in the heart of Los Angeles County. With a prime location and established customer base, this market is a turnkey opportunity for a savvy buyer to step in and continue growing. Offering a wide variety of European food items, this market also presents an excellent opportunity to expand by adding services like a European-style coffee shop, juice bar, or Mediterranean food items.

Key Features:

Prime Location: Situated in a high-traffic area and surrounded by a vibrant neighborhood, with great visibility and accessibility.

Fully Equipped Kitchen: A state-of-the-art kitchen ready for a range of culinary possibilities.
Beer & Wine Opportunity: Possible to obtain a license to serve beer and wine, further enhancing the business potential.

Outdoor Seating: New buyer can utilize outdoor seating to create a welcoming ambiance, perfect for customers who wish to enjoy their meals al fresco.

Operational Hours: Open 7 days a week, from 9:00 AM to 8:00 PM.
Well-Established Staff: 8 full-time and part-time employees, including one backer/cook.

Current Gross Revenue: $60,000/month.

Affordable Rent: $12,000/month (including NNN) – ($9,000 base + $3,000 NNN).

Payroll: $20,000/month.

Lease Terms: 3 years remaining on the lease with a 5-year option to extend.
Seller Investment: Over $300,000 invested in setting up the business for success.
Social Media: Strong online presence, providing excellent marketing opportunities.

Expansion Potential:

The new owner has a significant opportunity to customize and add more offerings to generate additional income streams, including: a European-style Coffee Shop, Juice Bar, Mediterranean Food Items

Why this Market? This is an exceptional opportunity for an entrepreneur looking to invest in a well-established business with significant growth potential. The market is in a high-demand area, benefiting from foot traffic and strong local interest. Whether you continue with its current European food offerings or expand to introduce new concepts, it is primed for long-term success. For more details or to schedule a showing, please contact us today! Please do not speak to anyone at this location!!!

Business Information

Ownership Type: N/A
Year Established: 2022
Year Purchased:
Business Type: Market
License(s) Required:
Hours of Operation: 9 AM-8 PM 7 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6526
Date Available: 01/10/2025
Reason For Sale:

Financial Information

Annual Total:
720,000
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:
20,000/m

Lease Information

Base Rent:
12,000
Lease Expires:
Lease Option:
NNN:
included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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