Long Beach Market w/Built-In Client Base – Absentee
Business Description
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, which didn’t skip a beat during the pandemic, caters to its built-in customer’s daily needs.
About the Business
- Years in Operation
- 25
- Facilities & Assets
- This 652 square foot market leases for $2,016 per month on a lease until 2026 with one 6 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.
- Market Outlook / Competition
- 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.
- Opportunities for Growth
- 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 the unique opportunity to add coffee, as it couldn’t in the past due to a non-compete agreement. Similarly, ready cooked foods or catered meals (prepared off-site, in an approved facility) may provide additional revenue opportunities. Finally, as the market is absentee-operated it would likely benefit from a personable full-time working owner-operator that is customer service oriented.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 652
- Rent
- Not Disclosed
About the Sale
- Seller Motivation
- Personal
- Transition Support
- Seller will train for 2 weeks at 20hrs per week or as negotiated.
- Financing Options
- Not offered but a small secured carry may be considered.
Listing Info
- ID
- 2372826
- Listing Views
- 1008
Listing ID: 2372826 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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