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Silverlake Area Specialty Food Store w/Liquor Sales – Great Street Visibility!

Overview

This greater Silverlake/Glendale area market combines a carefully curated assortment of natural and organic wines, beers, spirits and beverages, food, merchandise and home goods with organic produce, breads and specialty provisions sourced locally to ensure freshness and to support regional producers! The store appeals to causal shoppers as well as connoisseurs. Complementing the extensive wine collection, patrons can discover a range of books, merchandise and more. With a dedication to customer satisfaction and a passion for exceptional food and drink, this store has become a sought-after destination for those in search of a harmonious blend of provisions.

Additional Details

Facilities

This 800 square foot venue leases for $3,175 per month on a 10 year lease until 2/2032. All of the business’s furniture, fixtures, equipment, goodwill and a coveted Type 21 Off-sale liquor license will be included in the sale. An estimated $40k in inventory will be sold at cost at close in addition to purchase price.

Competition

In this market’s bustling retail environment, this venue sets itself apart by offering a diverse selection of high-quality wines from different regions, providing its loyal customers with a variety of uncommon standout choices. The store’s commitment to supporting local producers directly sourced from nearby farms, along with its other provisions as possible. This straightforward combination of a wine collection and locally-sourced produce provides them a competitive edge, making it a go-to destination for those who appreciate its curated selection.

Growth & Expansion

trategically located, this retail store sets itself apart by catering to local clients as well as connoisseurs and discerning customers’ food and beverage preferences. New management stands to capitalize on this comparatively new concept and the strong foundation that’s been established and continue to take it in the direction they deem fit. Low lying fruit (pun intended, as this can be added as well) include focusing on the venue’s ability to retail spirits, engaging in an effective ad and larger brand-building market campaign, as well as farmers markets and grassroots community engagement, partnerships and highlighted pop-ups, highlighted product and guest appearances. Of course, once the model is perfected, the concept may be expanded to new locations.

At a Glance

Asking Price: $285,000

Gross Revenues: $1,314,394

Inventory: $40,000

Potential Cash Flow: $200,524

Location: Glendale, CA

Inquire

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