Last Revised: 9/12/19. Posting #: 255303
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.
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.
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 might be doable for eligible buyer.
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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