Hip Culver City Area Market – Neighborhood Favorite w/Hood, Beer & Wine!

Hip Culver City Area Market – Neighborhood Favorite w/Hood, Beer & Wine!

Los Angeles


Asking 
$175,000

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.

Accounts Receivable Included in Asking
No

Facilities

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.


Competition

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.


Growth & Expansion

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.


Support & Training

As negotiated


Reason for Selling

Personal


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