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.
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 such as a poke bar, yogurt concept, juice bar, other health food concept or a coffee shop 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!
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