In business for 30 years this specialist Grocery Store is located near the coast of Los Angeles County. This Deli is where you'll find an array of Italian goods including Olive Oil, an assortment of genuine Italian tinned Tomatoes & pasta including fresh-frozen, fresh fruit and vegetables, assortment of fresh breads, wine cellar, full butchery of meats and wonderful sandwiches made fresh to order.
Easy to pass by but certainly beats a stop at the chain grocery stores. This is a specialty market with many European/Croatian/Italian items you cannot find elsewhere. Their produce selection is fabulous. They have plenty of dried pasta you will not find elsewhere, canned goods, delicious fresh bread, wine, sweets and frozen items. For meat eaters, they have a huge case of freshly made sausages, all sorts of cuts and they will butcher anything you request. Top it off they offer delicious subs to go with a full fridge full of imported beers and sodas.
Annual sales revenues peaked in 2020 & 2021 at $2.8million with profits in excess of $400,000. Sadly, the owner of 30 years passed away recently and his wife cannot manage the day to day of this busy Deli/Market. 2022 Revenues have dropped to a more manageable level for her but new owners can bring the business back to its heady days.
The restaurant industry is complicated and stressful in nature while this business is the complete opposite. All Wine & Food along with European style Goods are sold as a specialty grocer with no need for chef's, bartenders & servers, just well-trained, professional, knowledgeable sales employees who enjoy the industry without having to work evenings.
The asking price reflects this slow down that a year ago would have been triple the price.
To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail
- OrganizationSole Proprietorship
- Current Owner1992
- Reason For SaleDeath in the Family
- Square Feet4,036
- LicensesABC Type 20, Business & Health Licenses
- Open Hours7am - 5pm Daily
- Yearly IncreaseContact for Info
- Monthly Revenue$117,600
- Monthly Cash FlowContact For Info
- Annual Revenue$1,412,000
- Annual Cash FlowContact For Info
- Down PaymentContact For Info
- Note BalanceContact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.