Italian Deli & Market with Beer & Wine, Absentee Owner,

Lakewood, CA (Los Angeles County)

Italian Deli & Market with Beer & Wine, Absentee Owner,
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Asking Price: $499,000

Cash Flow: $160,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,500 /Month

Established: 2000

Italian Deli & Market with Beer & Wine, Absentee Owner,

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Business Description

This well established, Absentee Owner, deli and market is surrounded by businesses and residential areas. The restaurant has a great staff in place to run the place while the owner works only part-time, the kitchen has a manager too. Very busy during lunch time as it's famous for it's deli style sandwiches and also filled to full capacity in the evening. Beer and wine licensed, sells imported Italian wines and beer, select Italian meats and cheese. It's a turn key business for a new owner to take to the next level. Present owners will provide training and share all recipes. Low rent for such a great location, on a major street.
Net Annual Profit $160,000 (Completely HELP RUN) Annual Employee Wages $335,000
Net Profit can be increased greatly if new owner participates full or part time.
Make an offer, will not last long! Owner motivated, make an offer!

Detailed Information

Location:
Lakewood, CA
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
N/A
Employees:
18
Facilities:
Storefront deli plus storage area, 1400 sq.ft. plus 1000 sq.ft. storage
Support & Training:
Owners willing to stay on as consultants for 3 months, first month free
Reason for Selling:
Owners moving out of state
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Fauzi Ayub

Business Listed By:
fauzia ayub

Freedom Business Brokerage

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