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Burgeoning Encino 5-day Deli In SoCal For Sale

Encino, California - South, US
Asking Price:
$260,000 Furniture / Fixtures included
Sales Revenue:
$276,507
Cash Flow:
$131,973

This burgeoning Encino eatery is the quintessential 5-day deli opportunity that boasts solid earnings despite its abbreviated operating hours.

The venue, which is known for its high foot traffic location and inviting atmosphere, provides a cozy space where patrons can enjoy their preferred combination of their preferred coffee and delicious deli delights. With a focus on freshness and quality,

This 5 day deli stands out as a go-to spot for area staffers that appreciate the venue’s focus on quality and freshness.

Roughly 25% of sales are attributed to its catering services.

Property Information

Real Estate:

Lease

Leasehold Rent:

$19,750 per annum

Premises Details:

This 1,200 square foot location leases for 13% of gross monthly revenues, including common area maintenance expenses on a lease until 2024 with two 5 year options to extend. The business has 2 electric grills, an oven (under a small hood), a deli slicer, salad prep table, 3 door fridge and refrigerator, 2 reach-in beverage fridges, a cappuccino machine and a 3-bucket sink. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.

Size in square feet:
1,200

Business Operation

Expansion Potential:

With a focus on quality and customer satisfaction, new operators may want to market to those who aren’t aware of the deli’s value proposition, while promoting their catering options. They may also consider expanding the dine-in or catering menu to attract higher margin sales and to attract customers that which for additional options. As the venue does not have a full hood, the addition of cooking equipment with an electric hood may be considered - should the landlord and health department approve it.

Competition / Market:

This deli has a significant advantage due to the convenience it offers its patrons, who return as recurring customers due to the venue’s varied offering that include its fresh coffee, premium deli meats, artisanal bread, quality produce and satisfying breakfast, lunch and catered options.

Reasons for selling:

Personal

Employees:
2
Years established:
2019

Other Information

Support & training:

Seller will train for 2 weeks at 20hrs per week

Furniture / Fixtures value:
$20,000 - included in the asking price
Inventory / Stock value:
$5,000