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Venice Beach Food Venue In Prime Abbot Kinney For Sale

Venice, Florida, US
Asking Price:
$62,000
Sales Revenue:
$12,000
Cash Flow:
$12,000

This Venice Beach quick service food venue is centrally located on Abbot Kinney, one of the city and nation’s most popular retail streets in one of its hippest neighborhoods.

The open layout location boasts a walk-in cooler, 2 two-door freezers, cooler and 2 door freezers, display cases, 4 large prep tables, a 3 bucket dishwashing sink, and a sizable hood (though its industry specific cooking equipment will be removed).

Property Information

Real Estate:

Lease

Leasehold Rent:

$23,600 per annum

Premises Details:

This 1,050 square foot location leases for $18,079 per month, plus $5,458 in monthly common area maintenance expense on a lease until May 2025 with one 5 year option to extend. As this is an asset only sale, the name, menu and brand specific and branded assets and inventory will not be included in the sale.

Size in square feet:
1,050

Business Operation

Competition / Market:

Abbot Kinney is well-known for its bustling culinary landscape so it’s naturally a highly competitive environment. With that said, there are few comparable locations for new or growing food, beverage and retail concepts to gain visibility and notoriety.

Reasons for selling:

Personal

Years established:
2015

Other Information

Furniture / Fixtures value:
$30,000