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Sell your restaurant business in California - Sherman Oaks
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Sherman Oaks Area Niche Market Grocery Store – Branded w/National Potential!
Sherman Oaks, California

Asking Price

$2,600,000

Office Listing #

ShimFood
Revenue $5,821,868 / year Lease Rent $26,772 / month
Cash Flow $734,339 / year Square Feet 8000
Direct Link www.restaurants-for-sale.com/28476

    

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. 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. 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 ion 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. The store provides trusted products and services (including over 5,000 items and 30,000 total skus) to its client base and has had a remarkably successful organization with tremendous retail experience, a nationwide presence and proven brand building ability develop this as the first of what may become a multi-unit regional or national chain or even a potential master franchise opportunity. It is anticipated that the concept will be embraced in cities such as San Diego, San Francisco and Las Vegas. In addition having plans to double their kitchen production so they can cater to schools and other potential large scale catering clients, the company has also e-commerce platforms to facilitate online sales and distribution that will allow them to reach customer’s homes.

  

General Information

Organization Sole Proprietorship
Year Established 2001
Current Owners 2016
Employees 15FT 7*-10PT
Operating Hours Contact For Info
Reason For Sale Personal
   

Facilities

Seating Contact For Info
Square Feet 8000
Parking Contact For Info
Licenses Contact For Info
   

Financials

Revenue $5,821,868 / year
Cash Flow $734,339 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease $26,772 / month  
Expiration Not Available  
Yearly Adjustment Not Available  
Option Not Available  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Ryan Clark
phone: 3106528353
R Clark
The Veld Group
phone: (310) 652-8353

www.theveldgroup.com

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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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