Business For Sale

South Bay Gourmet Specialty Food Shop!

Redondo Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$49,000 $184,146

Food & Beverage: Miscellaneous


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RE: South Bay Gourmet Specialty Food Shop! Broker: Ryan Clark

Quick Facts

Asking Price: $49,000
Annual Revenue: $184,146
Net Profit: Not Disclosed
Cash Flow: $75,616
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 2
BBN Listing #: 36614929
Broker Reference #: RichOil

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Business Overview:

This operation is located in a 1,188 square foot retail space that leases for $3,900 per month including common area maintenance expenses (CAM) on a lease that does not expire until March 2020, with a potential 3 year option. All of the business’s furniture, fixtures, equipment (with a few exceptions), goodwill and approximately $6,000 in inventory will be included in the sale.

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Property Features and Assets:

While competition exists from other specialty gourmet food vendors at farmer’s markets, or on a broader level from retailers such as Whole Foods, Sur la Table, etc., such parties cannot offer the degree of specialization, customization, knowledge base, recipe suggestions and overall product knowledge and personalized attention that this retailer provides.

Market Competition and Expansion:

New operators can potentially grow this opportunity any number of ways. While opening new locations in markets with similar demographics is an obvious means of expansion, new owners will first likely choose to operate the store themselves to save on payroll expenses while ensuring stellar customer service and getting in touch with their client base. They may also want to expand the product offering to include mushrooms, truffles, cheeses, chocolates, vegetables and perhaps even wine or specialty beers for a variety of complimentary food and beverage pairings. Similar firms have found that attendance at farmer’s markets is more lucrative than even a retail storefront. New owners can supplement the store’s stable base revenues with those from farmer’s markets and adapt that client base to frequent the more comprehensive retail facility. They can also develop the e-commerce store, hold public or private offsite events, offer onsite do-it-yourself workshops where they make their own creations, host offsite cooking classes, etc. Finally, the venue has gone through the process to build-out and obtain an off-sale wine license. A buyer may pursue this, or with the addition of a refrigerator and prep, they can potentially serve food onsite. Room for expansion also exits in the wholesale private label market, which has not been pursued in any formal manner.

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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