Established in 1992 - European Deli

Not Disclosed, CA
Los Angeles County

LA Coastal Location


Asking Price: Annual Revenue:
$725,000 $2,376,814

Food & Beverage: Coffee, Cafe, Dessert


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RE: Established in 1992 - European Deli Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $725,000
Annual Revenue: $2,376,814
Net Profit: Not Disclosed
Cash Flow: $307,636
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 10
BBN Listing #: 692011533
Broker Reference #: 4252

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Business Overview:

Established in 1992 - European Deli, Specially Grocery Store and Café - LA Coastal Location

RRC#: 4252
Asking Price: $725,000
Location: Los Angeles County
Annual Revenue: $2,376,814
Annual Cash Flow: $307,636
Monthly Rent: $5,050
Expiration: 2025

Listing Description:
In business for 30 years this specialist Grocery Store in Los Angeles County Deli is where you’ll find an array of Italian goods Olive Oil, assortment of tinned Tomatoes, pasta including fresh-frozen, fresh fruit and vegetables, assortment of fresh bread, wine cellar, butcher and wonderful sandwiches made fresh to order.

Easy to pass by but certainly beats a stop at the chain grocery stores. This is a specialty market with many European/Croatian/Italian items you cannot find elsewhere. Their produce selection is fabulous. They have plenty of dried pasta you will not find elsewhere, canned goods, delicious fresh bread, wine, sweets and frozen items. For meat eaters, they have a huge case of freshly made sausages, all sorts of cuts and they will butcher anything you request. Top it off they offer delicious subs to go with a full fridge full of imported beers and sodas.

Annual sales revenues peaked in 2020 & 2021 at $2.8million with profits in excess of $400,000. Sadly, the owner of 30 years passed away recently and his wife cannot manage the day to day of this busy Deli/Market. 2022 Revenues have dropped to a more manageable level for her but new owners can bring the business back to its heady days.
The restaurant industry is complicated and stressful in nature while this business is the complete opposite. All Wine & Food along with European style Goods are sold as a specialty grocer with no need for chef’s, bartenders & servers, just well-trained, professional, knowledgeable sales employees who enjoy the industry without having to work evenings.

The asking price reflects this slow down that a year ago would have been double the price.

To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Information:
Organization: Sole Proprietorship
Year Established: 1992
Employees: 10
Reason For Sale: Death in the Family

Financial Information:
Monthly Revenue: $196,780
Monthly Cash Flow: $25,636
Annual Revenue: $2,376,814
Annual Cash Flow: $307,636
Annual Payroll: $120,550

Facilities:
Square Feet: 4,036
Seating: N/A
Parking: Street
Days/Hours of Operation: 7am - 5pm Daily

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 4,036 Seating: N/A Parking: Street

Reason for Selling:

Death in the Family

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.

Relevant Links:

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