Grocery, Fast Delivery

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Profitable, Great Area - Goceries and Liquor w/Delivery
Asking Price:
$899,900

Gross Revenue:
$2,000,000
Cash Flow:
$290,000
EBITDA:
$225,000
Inventory:
$120,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This business is a grocery, deli, liquor and sundries business with both walk-in and fast delivery. Neighborhoods served by 30 minute deliveries include affluent suburbs of Los Angeles. Loyal base of existing customers. Revenues and discretionary earnings are stable and strong.

About the Business

Location:
Los Angeles, California
Year Established:
2002
Number of Employees:
17PT
Real Estate:
Leased
Rent:
$3,944.00 Per Month
Lease Expiration:
4/28/2028
Facilities:
Physical store with complete FFE
Market Outlook/
Competition:
Business model is delivery of groceries, deli, liquor and related items within 30 minutes. Pros: Business is very competitive in this space, with top YELP ratings compared to competitors. Excellent deli is a big competitive advantage. Type 21 liquor license is a competitive advantage. Delivery drivers are all employees; drivers are face of the business to established customer base, resulting is customer loyalty. Affluent communities within seven miles is target market. Con: business model makes expanding geographic footprint problematical.
Growth & Expansion:
Pro: This market segment is very popular now. Top YELP ratings compared to other boutique fast delivery competitors. Expansion con: Business will not challenge big nationwide players like Kroeger, Amazon.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will provide training

Listing Info

ID:
1495332
Ad Detail Views:
536

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Business Listed by

Ramon Grijalva

Venture Advisors Business Sales & Acquisitions

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Sponsoring Broker:

Richard Schammel
Venture Advisors Business Sales & Acquisitions
License# 01476657


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