South Bay Better For You Food Service Chain
This Los Angeles Area food service chain boasts some of the most prime, high traffic real estate in some of the area’s most famed beach cities in between Santa Monica and Redondo Beach. The feel good “better for you” concept was created with the intention of becoming a national franchise, so its founders diligently crafted its menu, marketing materials, branding, and more to ensure that these original flagship locations operate as examples for future owners to replicate. Though in the food category, the concept does not require facilities with hoods, so replicating it and each type of location’s best practices is very straightforward, making the overall concept highly scalable. Note that the financial performance may initially appear less attractive than it actually is, due to the ramp up of a new flagship location that’s recently come online.
Real Estate
Lease
Leasehold Rent
$43,930 per annum
Premises Details
The chain is comprised of three distinct beach area locations that range in size from 700 to 1,168 square foot, with rents that range from $3.7k to $21k per month. Each of the locations, as well as the concept’s, furniture, fixtures, equipment, and goodwill will be included in the sale. An estimated $3k in inventory per location will be sold at cost at close. Locations may be sold individually, however, they may be subject to a non-compete agreement and/or name licensing agreement with the remaining venues.
Support & Training
Seller will train for 2 weeks at 20hrs per week or as negotiated.
Expansion Potential
Each location is situated in a health conscience beach communities where food service concepts strive to provide high discretionary income residents health-focused breakfast and nutritious snack options. As a result, strong differentiation through quality ingredients, convenience, and customer experience are key to maintaining a competitive advantage. The concept, which is at the intersection of wellness, nutrition, and healthy snacks, faces indirect competition from health oriented fast-casual dining venues, yogurt shops, juice and smoothie bars, and grab-and-go food options, making visibility, product consistency, and convenience important factors for attracting and retaining patrons.
Competition / Market
Each location is situated in a health conscience beach communities where food service concepts strive to provide high discretionary income residents health-focused breakfast and nutritious snack options. As a result, strong differentiation through quality ingredients, convenience, and customer experience are key to maintaining a competitive advantage. The concept, which is at the intersection of wellness, nutrition, and healthy snacks, faces indirect competition from health oriented fast-casual dining venues, yogurt shops, juice and smoothie bars, and grab-and-go food options, making visibility, product consistency, and convenience important factors for attracting and retaining patrons.
Reason for Selling
Personal
Financials
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