Search

Grocery Market

  • Status: Available
  • Price: $350,000

Anne Shay

License No:
DRE #02111828
Email:
anne@lbaweb.com
Office:
925-932-2450
Mobile:
415-601-7776
  • Listing No: 4165
  • Status: Available
  • Area: Alameda
  • Price: $350,000

Description

Grocery Making

Gross Sale over $1,000,000

Seller started this specialty grocery foods business in 2017, and claims they have steadily grown business to gross over $1M in sales per annual over the past 2 years.  Business is located in Alameda County and caters to the local ethnic Indian and Pacific islander consumer population specializing in specialty foods, snacks and spices.  Business offers frozen lamb, chicken, duck, goat, fish, (no beef or pork)  as well as packaged and canned foods and snacks and beverages and all flavors and spices from the South Pacific islands.

Seller claims monthly gross varies between $80K-$100K/month.  COGS: approx. 70% of gross depending on sales.

Monthly Rent $4,700 for a 1,700sqft. space.  Lease: 5 yr + 1 x 5 years option.

There are 1 x FT and 3 x PT Employees with $10,000 a month Payroll.

Asking price includes inventory valued approximately at $50K at any point in time with the business.

Business Information

Ownership Type: Sole Proprietorship
Year Established: 2017
Year Purchased: 2017
Business Type: Grocery Market
License(s) Required: Business, Health, ABC
Hours of Operation: 8am -7pm / 7 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4165
Date Available: 07/19/2022
Reason For Sale: Other Interest

Financial Information

Annual Total:
1,000,000+
Revenue:
Annual Net Income:
Inventory:
50,000
Monthly Payroll:
10,000

Lease Information

Base Rent:
4,700/m
Lease Expires:
2027
Lease Option:
1 x 5 years Option
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

    RELATED PROPERTIES

    $2,500,000

    Gas Station and Mart

    Alameda County
    $150,000

    Franchise Pizza Restaurant

    Contra Costa County
    $900,000

    Liquor Store

    Alameda County