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Hip Culver City Area Market Beer Wine For Sale

Culver City, California, US
Asking Price:
$175,000 (USD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

This ultra-hip Culver City Area market with stellar street visibility, onsite parking, a
beer and wine license that allows for both onsite and offsite consumption. The eclectic
bohemian style market oozes with character and may be converted to any number of
concepts. The venue has a full kitchen with a spacious walk-in cooler and separate
walk-in freezer. The distinct build-out and versatile layout, kitchen equipment, deli
counter set-up and more can be converted to a Gjusta or an Eataly style eatery with a
variety of food offerings, with several vendor together and complementary specialty
grocery offerings or even a hybrid of a grocery story with multiple food vendors in the
vein of downtown’s famous Grand Central Market or Culver City’s customer
embraced Citizen Public Market.

Property Information

Real Estate:

Lease

Lease Terms:

1 – 5 year option

Leasehold Rent:

$10,000 (USD) per annum

Premises Details:

This 5,000 square foot facility with onsite parking has a new 10-year lease until
7/31/30 with one 5 year option. The premise leases for $10,000 per month, with 3.0%
annual increases. The venues current furniture, fixtures, equipment, and remaining
associated goodwill will be included in the sale.

Business Operation

Expansion Potential:

New operators will want to fully understand not only the neighborhood’s demographic,
but also that of the neighboring similarly high discretionary income communities,
given the venue’s location on a major throughway enroute to 2 major freeways. In
addition to the more innovative grocery and eatery style concepts noted above, new
operators may wish to consider implementing a natural foods market, a bakery style
concept (e.g. Porto’s), or even a high-end butcher shop in the vein of A Cut Above or
Standings Butchery, that may include an onsite deli complete with charcuterie,
artisanal cheeses, specialty wines, craft beers, with the related grocery accoutrements
and more. Alternately, it could simply be a burgeoning neighborhood market that may
command lower margins but achieve a larger reach.

Competition / Market:

Though many grocery markets as well as specialty markets exist in all areas of
metropolitan Los Angeles, few have the character this venue does or high discretionary
income denizens the neighborhood boasts. The venue’s remarkable freeway access
coupled with is street visibility and onsite parking provide it several distinct
advantages that competitors may find it difficult to contend with.

Reasons for selling:

Personal

Other Information

Financing available:

Not offered but a small secured carry may be considered

Contact The Veld Group

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