Long Beach Market W/Built-In Client Base– Absentee
Long Beach, CA Los Angeles County
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- RE: Long Beach Market W/Built-In Client Base– Absentee
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $450,000 | |
| Annual Revenue: | $870,132 | |
| Net Profit: | $150,248 | |
| Cash Flow: | $182,072 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 992217 | |
| Broker Reference #: | POLAR2 |
Business Overview:
This absentee operated Long Beach market boasts a built-in client base due to its ideal location within a bustling residential and commercial area. The business, which didn’t skip a beat during the pandemic, caters to its built-in customer’s daily needs.
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Property Features and Assets:
This 652 square foot market leases for $2,016 per month on a lease until 2026 with one 6 year option. All of the business’s furniture, fixtures, equipment and Type 20 Beer & Wine License will be included in the sale. An estimated $35,000 in retail inventory will be sold at cost at close in addition to purchase price.
Market Competition and Expansion:
Due to this market’s location, it is somewhat insulated from competition in the immediate vicinity. This gives rise to the opportunities new management has to grow the business since they can fulfill any number of additional patron shopping or service needs, while threats from competition remain limited.
New management may capitalize on this venue’s unique location and beer & wine license that caters to patrons that reside nearby. Due to this, the venue has the unique opportunity to add coffee, as it couldn’t in the past due to a non-compete agreement. Similarly, ready cooked foods or catered meals (prepared off-site, in an approved facility) may provide additional revenue opportunities. Finally, as the market is absentee-operated it would likely benefit from a personable full-time working owner-operator that is customer service oriented.
Reason for Selling:
PersonalAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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