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
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
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: