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For Sale Grocery Market In Monterey County, California

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Contact: Harry Sidhu at 510-490-9705 - Log In To Message/Email This Contact
Last Revised: 9/12/19. Posting #: 251420
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Key Words: market, grocery, monterey
Financial Info: Price: $1,150,000. Down: Call. Adjusted Net: Call. Rent $3,800/month + $350/month towards 50% of property tax & insurance. 6 Years Remaining on Current Term Plus 10 Years in Options. Gross Sales: ~$183,000/month. Financing: All Cash, SBA Eligible.
Profile: Located in a town south of Salinas. It is surrounded by residential housing, and other business. The store provides ample parking for customers who shop at market. Only a few blocks away from the US-101. Full butcher department, which brings in a large amount of customer who prefer fresh meat. Very well kept, and organized. Supporting local farms with their large selection of fresh produce,

Equipment Included: Cash Register with Scanner/Scale, Multiple Walk-In Coolers, Multiple Coolers, Multiple Walk Freezers, Glass Display Racks, Dairy Case, Vegetable Cold Case, Full Butcher Department, Shopping Carts, All Shelving, 16-Security Cameras with DVR & Monitor, Grease Receptor 18' x 24', Rotisserie, 4-Burner Gas Stove, Hood 3ft, and Much More. A full list of equipment is available with the Listing Broker.

General Information:
Organization: Corporation | Square Footage: ~6,880 sq. ft. | Licenses Required: City Business License, Health Permit, SBOE, ABC Type-21 Liquor License (Included & Transferable) Tobacco License | Days Open/Hours: Daily 8am to 10pm (Winter), 8am to 9pm (Summer) | Reason for Sale: Other Business Interests.

Lease:
Rent $3,800/month + $350/month towards 50% of property tax & insurance | 6 Years Remaining on Current Term Plus 10 Years in Options.

Revenue:
Gross Sales: ~$183,000/month (As Per Seller, Not Verified by Broker)

Financing:
All Cash | SBA Eligible

For more details, please complete, sign and return the NDA (Confidentiality Agreement).

We obtain the information in this marketing package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty and representation about it. It is submitted to the possibility of errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the business & Property. You and your tax or legal advisers should conduct your own investigation of property and transaction.

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: David Richman at 860-408-9177   Log In To Message/Email This Contributor
Profile: Deal Team was founded with a mission to provide breakthrough professional business brokerage services to small and mid-size businesses. Our professional and practical approach to business sales brings a level of service to middle-market businesses that is regularly experienced by larger companies.
Key Words: david richman, richman business brokers, business broker, business intermediary, valuation, business valuation, consultant, fitness, manufacturing, machine, appliance, pet containment, pet, pets, locksmith, locks, cleaning, detailing, grocery, entertainment, family entertainment, metal, sheet metal, manufacturing, drilling, new haven, litchfield, farmington valley, hartford,
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Contributor: John Byrne at 954-296-0566   Log In To Message/Email This Contributor
Profile: Business value has a different meaning depending on the purpose of the parties involved in the transfer. John Byrne, CPA, Business Valuation Expert explains three different methods for valuing a business: Investment Value, Fair Market Value and Fair Value.
Key Words: business valuation, valuing a business, selling a business, sell a business john byrne
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Contributor: John Byrne at 954-296-0566   Log In To Message/Email This Contributor
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
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