JUICE BAR AT AN ASSET SALE PRICE
Located in a Busy Area of the San Fernando Valley along the Ventura Blvd corridor. The shopping center is in an area with high foot traffic and high traffic counts. There is plenty of parking and it's located just off the 101 freeway.
Many of the businesses of the center bring in a repeat customer base in throughout the week. There is an Upscale Grocery Store with a connecting parking lot that offers an overflow for additional parking.
Beside the delicious Freshly Blended Smoothies and Fresh Squeezed Juices, the menu includes a variety of Acai Bowls, Yogurt Bowls, Salads and other healthy meal options.
The business has a very warm earthy feel with the displaying of the colorful fresh ingredients used in the preparation of the menu offerings making for a nice place to escape the hustle and bustle of the day and enjoy your meal choices in their customer seating area.
The staff greets guests with friendly smiling faces and prepare the menu selected items quickly to ensure every customer leaves satisfied and happy.
The business is well established and in 2022 had gross sales of $800,000+ with an adjusted owners net income of over $115,000. Sales presently for 2023 are under those of last years due to the colder winter and the milder than usual early summer months. The sales have dropped and over staffing is taking place as owner can not spend time there and desires to keep the great guest service they are known for.
Currently it's operated as an absentee owner business as he has a full time career and only comes by throughout the weekends for very limited visits. Seller has experienced hugh time constraints due to a number of family issues that have taken place over the last couple years and finds no time left to put into this business.
The management and staff are doing a great job running the day to day business operations BUT there is nothing like having a working owner on site (even on a limited but regular basis). A working owner would be able to control the everyday costs of running the business thus dropping more profits to the bottom line.
There has been virtually no advertising done for sometime now.
The local neighborhood is one that a working owner could connect with and grow future sales by becoming an active member in the community. There are schools (to arrange fundraisers and class trips with), health clubs and businesses looking for healthy dining choices that connecting personally and through an active social media presence (currently they have virtually no social media platforms being utilized). Catering is also an area for growth potential.
Being part of a Franchise operation there is always a professionals available for expert advice if challenges arise. This team is local and prepared to support the franchises.
Franchise has a 6% Royalty, 1% local advertising and 3% corporate marketing fund. There is a $10,000 franchise transfer fee. Franchisor will give training to an assigned manager and an assistant. If requested from the buyer and authorized by the franchisor, the seller is willing to assist the buyer for a period of two weeks during the transition to assist the new owner is getting setup to help assure the continued success.
If this sounds of interest to you and you would like more information on this business please contact me as this is a Private Listing and a Buyer will need to be prequalified before the name and location are shared. Being a franchise the buyer will need to be qualify with the Franchisor as well as Landlord's approval for the lease assignment.
Stuart 818 519 2748 call or Text or email me at [email protected]
Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 0 | 166,058 | 472,943 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 0 | 68,202 | 180,137 |
2010 Persons Per Household | 0.00 | 2.33 | 2.48 |
Median House Value | $0 | $649,551 | $578,943 |
Income Per Household | $0 | $65,044 | $64,731 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 0 | 8,940 | 19,058 |
2012 Number Of Employees | 0 | 147,036 | 369,536 |
2012 Total Annual Payroll | $0 | $3,957,380,000 | $4,294,967,295 |
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