Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Market W/built-in Client Base Absentee In Long Beach For Sale

Long Beach, California - South, US
Asking Price:
$445,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$719,271 (USD)
Cash Flow:
$200,027 (USD)

Market W/built-in Client Base – Absentee!

This absentee operated Long Beach Market boasts a built-in client base due to its ideal location within a bustling residential and commercial area. The business has not skipped a beat during Covid19 and continues to caters to its customer’s daily needs.

This 652 square foot market leases for $2,191 per month on a lease until 2025 with one 5 year option. All of the business’s furniture, fixtures, equipment and Type 20 Beer & Wine License will be included in the sale. An estimated $35,000 in retail inventory will be sold at cost at close in addition to purchase price.

Due to this market’s location, it is somewhat insulated from competition in the immediate vicinity. This gives rise to the opportunities new management has to grow the business since they can fulfill any number of additional patron shopping or service needs, while threats from competition remain limited.

New management may capitalize on this venue’s unique location and beer & wine license that caters to patrons that reside nearby. Due to this, the venue has not skipped a beat during the pandemic. Rather, the crisis has highlighted the number of additional ways a new operator could capitalize on this stellar location. As the market is entirely absentee-operated it would likely benefit from a full-time working owner operator that is familiar with the market dynamics and can determine which of the several potential avenue for growth make the most sense to implement.

Property Information

Real Estate:

Lease

Location:

This 652 square foot market leases for $2,191 per month on a lease until 2025 with one 5 year option. All of the business’s furniture, fixtures, equipment and Type 20 Beer & Wine License will be included in the sale. An estimated $35,000 in retail inventory will be sold at cost at close in addition to purchase price.

Size in square feet:
652

Business Operation

Expansion Potential:

New management may capitalize on this venue’s unique location and beer & wine license that caters to patrons that reside nearby. Due to this, the venue has not skipped a beat during the pandemic. Rather, the crisis has highlighted the number of additional ways a new operator could capitalize on this stellar location. As the market is entirely absentee-operated it would likely benefit from a full-time working owner operator that is familiar with the market dynamics and can determine which of the several potential avenue for growth make the most sense to implement.

Competition / Market:

Due to this market’s location, it is somewhat insulated from competition in the immediate vicinity. This gives rise to the opportunities new management has to grow the business since they can fulfill any number of additional patron shopping or service needs, while threats from competition remain limited.

Reasons for selling:

Personal

Years established:
2018

Other Information

Support & training:

Seller will train for 2 weeks at 20 hours per week or as negotiated.

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$35,000 (USD) - included in the asking price

Contact The Veld Group

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here