Business for Sale Overview:
This absentee run Grove / Park La Brea Area yogurt shop with great street visibility, a parking lot, a large kitchen and excellent access is ideal for the working owner who seeks to maintain the yogurt concept and take the business to the next level, for the fast food restaurateur who seeks to offer semi-cooked foods that do not require a hood to prepare, or for the party that seeks to capitalize on this excellent location and parking lot by adding a hood, and offering any variety of food. New owners may also seek to add coffee and pastry items or additional food service offerings (whose preparation does not require a hood). Given the great location with little competition, new owners may consider adding a hood system to convert the business to a full-fledged fast food restaurant. If converted, the location could do well with fast food style burgers, sushi, noodles, Mexican, Thai, Indian, Middle-Eastern or the like.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 1,000+ sq. ft. facility leases for $3,000 per month (plus potentially up to an additional $500). While the current lease has a five-year option, a new tenant can likely anticipate a new five-year lease with one five-year option. The facility comes with 4 large yogurt machines, a commercial juicer, an ice cream display case, several refrigerators and freezers, a rest room, manager’s office, and plenty of storage. The facility also has sidewalk seating. It does NOT have a hood, nor is there a duct in place for one.
Market Competition and Expansion:
This business is located on a high traffic street, in a highly visible location. While industry newcomers such as Pinkberry, etc. have gained market share, the yogurt business is largely location driven. This shop has a competitive advantage due to its ideal location in a high income residential and commercial neighborhood. The business also has one of the world’s strongest retailers in its immediate vicinity, ensuring tremendous visibility from 6 am to midnight from the neighbor’s endless stream of walk-in and drive up customers.
While there is an expandable brand that has been created, little has been done to capitalize on the high density of nearby high income residents (i.e. no mailer, flyer or coupon advertising has been done to target local residents). New owners will likely seek to offer delivery to nearby residents and businesses, as well as make a concerted effort to develop strong brand loyalty. The business is currently entirely absentee run, and could greatly benefit from a full-time working owner.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.