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Grocery/Liquor Store

  • Status: Available
  • Price: $1,100,000

Kuldeep Clar

License No:
DRE #01887929
Email:
kuldeep@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 4371
  • Status: Available
  • Area: San Joaquin County
  • Price: $1,100,000

Description

Presenting a very rare business opportunity in San Joaquin County: This is a fully operational, 12,000 square foot grocery store running with minimal help; 3 full time employees and 1 part time employee. The store carries every day and ethnic groceries, beverages, liquor, produce and tobacco products. The store also includes a busy butcher shop, a taqueria/deli and watch repair station, which all rent from the seller. There are three brand new electric cash registers in place allowing much quicker transactions. There is also a brand new 28 door cooler and deli cases worth $200k. The owner also just obtained a new Type-21 liquor license for $150k. The business grosses 1.6 million, with a 40% markup on all groceries in store, netting $640K annually. Monthly lease is $13,600, inventory worth $300-$400k, electric and water between $4500-$7000. This is a fully established, successfully running business in an affluent neighborhood and is the only of its kind in the area. The owner’s asking price is $1.1million . He would like to sell because he has other businesses that require his attention and he does not have the time to designate for managing this business alone.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Grocery Store
License(s) Required: Business, Abc
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4371
Date Available: 02/23/2024
Reason For Sale:

Financial Information

Annual Total:
1,600,000
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
Lease Expires:
Lease Option:
NNN:

Financing Information

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

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