Business Overview:
This West Hollywood / Beverly Center Area deli is an up and coming neighborhood favorite that is sure to become a culinary institution. This still growing quick service and catering deli offers its buyer those attributes that are the most sought after – consistent year over year growth, a marquee location at an attractive lease rate, a loyal local customer base, a scalable concept and plenty of opportunity for continued growth. The facility does not have a hood but does have a deli case, salad table, 3 preparation tables, microwave, soup warmer, 2 two door refrigerators, a freezer, a three bucket dishwashing sink, an ADA approved restroom, seating for approximately 15 patrons inside and 10 on the patio, and a large flat screen television and a restroom and manager’s office / storage area.
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 1,200 square foot facility, plus ten-person patio, leases for $4,000 per month on a lease until 2013 with at least 2 five-year options. The deli is located in a highly visible marquis type of location that reduces the need for advertising.
Market Competition and Expansion:
This restaurant does have a few nearby quick service and full-service food venues; however, it has managed to carve out an immediate market niche while developing a loyal customer following. As such, there is a reduced threat of new direct competition. The relatively new deli has several avenues for potential growth that a new owner may seek to exploit. Options include extending the evening hours past 9 pm, as neighboring quick service venues have successfully done for years, expanding the menu to include hot foods that do not require a hood to prepare, and launching an aggressive marketing campaign to nearby high discretionary income residents and businesses to introduce the deli while promoting delivery service and catering. While the business is already successful and continuing to grow with its current concept, new owners may also seek to evaluate the benefits of adding a hood to further expand its food offering.
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.