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Encino, Los Angeles County, California
Deli Eatery - Solid Earnings, High Traffic
Asking Price
$175,000
Revenue
$27,507
Down
$175,000
Cash Flow
$131,973
Description
This burgeoning Encino eatery is the quintessential 5-day deli opportunity that boasts solid earnings despite its abbreviated operating hours. The venue, which is known for its high foot traffic location and inviting atmosphere, provides a cozy space where patrons can enjoy their preferred combination of their preferred coffee and delicious deli delights. With a focus on freshness and quality, This 5 day deli stands out as a go-to spot for area staffers that appreciate the venue’s focus on quality and freshness. Roughly 25% of sales are attributed to its catering services.
This 1,200 square foot location leases for 13% of gross monthly revenues, including common area maintenance expenses on a lease until 2024 with two 5 year options to extend. The business has 2 electric grills, an oven (under a small hood), a deli slicer, salad prep table, 3 door fridge and refrigerator, 2 reach-in beverage fridges, a cappuccino machine and a 3-bucket sink. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.
This deli has a significant advantage due to the convenience it offers its patrons, who return as recurring customers due to the venue’s varied offering that include its fresh coffee, premium deli meats, artisanal bread, quality produce and satisfying breakfast, lunch and catered options.
With a focus on quality and customer satisfaction, new operators may want to market to those who aren’t aware of the deli’s value proposition, while promoting their catering options. They may also consider expanding the dine-in or catering menu to attract higher margin sales and to attract customers that which for additional options. As the venue does not have a full hood, the addition of cooking equipment with an electric hood may be considered - should the landlord and health department approve it.
This 1,200 square foot location leases for 13% of gross monthly revenues, including common area maintenance expenses on a lease until 2024 with two 5 year options to extend. The business has 2 electric grills, an oven (under a small hood), a deli slicer, salad prep table, 3 door fridge and refrigerator, 2 reach-in beverage fridges, a cappuccino machine and a 3-bucket sink. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.
This deli has a significant advantage due to the convenience it offers its patrons, who return as recurring customers due to the venue’s varied offering that include its fresh coffee, premium deli meats, artisanal bread, quality produce and satisfying breakfast, lunch and catered options.
With a focus on quality and customer satisfaction, new operators may want to market to those who aren’t aware of the deli’s value proposition, while promoting their catering options. They may also consider expanding the dine-in or catering menu to attract higher margin sales and to attract customers that which for additional options. As the venue does not have a full hood, the addition of cooking equipment with an electric hood may be considered - should the landlord and health department approve it.
To get more information about this Deli Eatery - Solid Earnings, High Traffic business for sale in Encino, California please contact Ryan Clark (Broker - BRE License #:01399346) at contact@theveldgroup.com or 310-652-8353
Posting Information
Posting ID:
285719
Business Category:
Restaurants & Food
Business Types:
Fast Food, Quick Service Restaurant
Deli
Keywords:
Encino
los angeles county
california
deli
fast food
Attributes:
Absentee Run
Broker Cooperation
For Sale By Owner
Training And Support
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Posting Title
Deli Eatery - Solid Earnings, High Traffic
Posting ID
#285719
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