Business For Sale

Sherman Oaks Area Niche Market Grocery Store!

Sherman Oaks, CA
Los Angeles County


Asking Price: Annual Revenue:
$2,600,000 $5,821,868

Food & Beverage: Grocery & Food Stores


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RE: Sherman Oaks Area Niche Market Grocery Store! Broker: Ryan Clark

Quick Facts

Asking Price: $2,600,000
Annual Revenue: $5,821,868
Net Profit: Not Disclosed
Cash Flow: $734,339
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 25
BBN Listing #: 48114929
Broker Reference #: ShimFood

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Business Overview:

This greater Sherman Oaks area market has been professionally branded to be the first in a potential specialty supermarket chain. The market’s relaunch included a systems overhaul complete with a fully integrated point of sale application that allows this concept to become highly scalable on a regional basis or across the U.S. and beyond. In addition to boasting the largest variety of niche market foods in its product category, the inviting location offers its loyal patrons a bustling restaurant, a deli, butcher shop, fish counter, bakery products, as well as take-out and catering services – all of which have recently been upgraded and modernized. While the venue has a specific client base, the market is embraced by its target and non-target clients alike and has become a neighborhood favorite due to its convenience access, comprehensive offering and onsite dining and take-out dining options.

Training: as negotiated

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Property Features and Assets:

This nearly 8,000 square foot facility is located on a 30,000 square foot parking lot with 32 parking spaces. It leases for $26,772 per month on a lease until 12/31/2029 with a 5 year option proving for coverage through 2034. All of the store’s furniture, fixtures, equipment, leasehold improvements (including new LD lighting), Type 20 off-sale beer and wine license, restaurant operation, e-commerce store, as well as its tremendous goodwill are included in the sale. Included also is its 3,000 member loyalty program and the professionally developed and successfully launched Simply Kosher brand name and concept. $700,000 - $900,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While traditional ‘mom and pop’ style competition exists, none are as professionally organized or branded as this venue. Competitors emulate the traditional small neighborhood markets found worldwide, while this one provides a comprehensive service and food offers that only larger chain stores are typical able to deliver. The market also boasts a selection of ready-made food that can be catered, taken-out, delivered or consumed onsite. In fact, this segment of the business is so popular that they have developed plans to double the kitchen’s output. The market’s sales increased 10.0% in the first year of its relaunch, despite being closed several days and operating without beer and wine sales for the entire time. At the same time, their customer service policies and customer embraced loyalty program have resulted in stellar reviews that competitors find difficult to match.

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.

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