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  Home > Search Results > For Sale: Grocery Market

For Sale Grocery Market In Mountain View, Santa Clara County, CA

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Contact: Harry Sidhu at 510-490-9705 - Log In To Message/Email This Contact
Last Revised: 9/12/19. Posting #: 255303
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Key Words: grocery, market, mountain view, santa clara, absentee
Financial Info: Price: $249,000. Down: Call. Adjusted Net: $82,000. Annual Revenues: $852,000. Rent: $2,914/month gross. New 5 year lease term plus 5 year option. Gross Sales: ~$71,000/month plus. Other Income: ~$70,000/year ($5,833/month) commission income from Money transfers, Money orders & ATM. All Cash, SBA.
Profile: Neighborhood Market located in City of Mountain View, one of the most affluent communities in Bay Area. This store was established in 1945 and is under current ownership since 1999.

This location is known to have busy street exposure with heavy foot traffic. Surrounded by multi-million-dollar residential structures makes this desirable location for local residents and commuters. This location is at minutes' drive from Hwy-101 and busy El Camino Real. Seller is downsizing and want to focus on other retail businesses owned by seller. Store is known for carrying fresh produce, grab-n-go food items, baked goods and other ethnic food items targeting Hispanic demographics.Tons of upside potential for owner operator. Further room for growth with addition of diversified inventory and online marketing. New owner could benefit by carrying variety of draft beers and selection of wines to attract younger clientele.

Equipment Included: Beer Walk-In Cooler, Produce walk-in cooler, Cash registers with POS system, Main Counter, Gondola Shelving, Security system, and Much More. A full list of equipment is available with the Listing Broker.

General Information:
Organization: Corporation & Family Trust | Square Footage: ~1,500 sq. ft. | Licenses Required: City Business License, Health Permit, Sellers Permit, Tobacco License, ABC Type-20 Been & Wine License (Included & Transferable) | Days Open/Hours: Monday - Friday, 6am -10pm, Saturday & Sunday, 8am - 10pm | Reason for Sale: Other business interests.

Lease:
Rent: $2,914/month gross. New 5 year lease term plus 5 year option.

Revenue:
Gross Sales: ~$71,000/month plus
Other Income: ~$70,000/year ($5,833/month) commission income from Money transfers, Money orders & ATM.

Financing:
All Cash/SBA might be doable for eligible buyer.

Broker Disclaimer:

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 bit 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.

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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: 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.
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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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