Market w/Built-In Client Base – Absentee w/Expansion Potential

Long Beach, CA (Los Angeles County)

Market w/Built-In Client Base – Absentee w/Expansion Potential
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Asking Price: $445,000

Cash Flow: $200,027

Gross Revenue: $719,271

EBITDA: $200,027

FF&E: $10,000

Inventory: $35,000*

Established: 2018

*not included in asking price.

Market w/Built-In Client Base – Absentee w/Expansion Potential

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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 has not skipped a beat during COVID19 and continues to caters to its customer’s daily needs.

Detailed Information

Long Beach, CA
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
Growth & Expansion:
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.
Support & Training:
Seller will train for 2 weeks or as negotiated
Reason for Selling:
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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