ICONIC Italian Deli & Market

Lakewood, CA
Los Angeles County


Asking Price: Annual Revenue:
$499,999 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: ICONIC Italian Deli & Market Broker: Fauzi
License #: 01291467

Quick Facts

Asking Price: $499,999
Annual Revenue: $1,000,000
Net Profit: $160,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 18
BBN Listing #: 508856917
Broker Reference #: 2055-2/FA

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Business Overview:

This well established deli and market is surrounded by businesses and residential areas. The restaurant has a great staff in place to run the place while the owner works only part-time, the kitchen has a manager too. Very busy during lunch time as it's famous for it's deli style sandwiches and also filled to full capacity in the evening. It's a turn key business for a new owner to take to the next level. Present owners will provide training and share all recipes. Low rent for such a great location, on a major street.
Net Annual Profit $160,000 (Completely HELP RUN) Annual Employee Wages $335,000
Net Profit can be increased greatly if new owner participates full or part time.
Make an offer, will not last long! Owner motivated, make an offer!

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Property Features and Assets:

Busy location in a corner strip mall.

Reason for Selling:

Retirement

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.

Documents:

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