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Salinas, Monterey County, California
Grocery Market - With Beer Wine License
Asking Price
$1,299,000
Revenue
$1,272,000
Down
Call/Email
Cash Flow
Call/Email
Name: Harry Sidhu
Phone: Show phone number
Name
Harry Sidhu
Phone
Show phone number
Description
Grocery Market located at extremely busy signalized intersection is a well-known neighborhood grocery store in Salinas, California, recognized for its friendly service and quality products. Originally established in 1953, this Market is one of the oldest markets in Salinas. The market offers a variety of everyday essentials, including fresh produce, meats, dairy, and general grocery items, Beer/Wine, beverages catering to the diverse needs of the community. It is conveniently located, making it easily accessible to local residents. Located in a neighborhood that reflects the vibrant and diverse character of Salinas. The area around the market is primarily residential, with a mix of single-family homes and apartment complexes, providing a close-knit community atmosphere. Great upside potential for Buyers by extending business hours and adding more diverse inventory to cater young clientele. Meat market is rented out at $3000/m. Room for expansion.
Equipment:
3 Cash Register terminals with scanner, 14-door Walk-in cooler, 5-door Walk-in cooler, 24’ meat display cooler, Walk-in Freezer,12’ produce cooler, Security system with DVR, Gondola Shelving and much more. A complete list of equipment is available with the Listing Broker.
General Information:
Organization: Corporation | Bldg Size:3,500 sq. ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, ABC Type-20 Beer & Wine License (Included & Transferable), Tobacco License | Hours: 8 am – 11 pm daily | Reason for Sale: Other Business Interests |
Lease Information:
Rent: $6.,082/m (plus sewer charges ~$450 to $500/m).
Lease: New 5yr lease plus one 5-year option for an eligible Buyer.
Revenue:
~$106,000/Month plus $36,000+/yr rental income from Meat market and ~$60,000/yr Lottery commission income. (As per Seller, not verified by the Broker)
Financing: SBA/All Cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Property Information
Size in Square Feet:
3,500 sqft
Posting Information
Posting ID:
287713
Business Category:
Retail, Restaurants & Food
Business Types:
Market, Supermarket, Mart, Food Store
Grocery Store
Keywords:
Salinas, monterey county, california, grocery, market
Attributes:
Broker Cooperation
SBA Loan Pre-Qualified
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Grocery Market - With Beer Wine License
Posting ID
#287713
Full Name (Required)
Email (Required)
Phone (Required)
Your NDA Request has been Sent!
Please check your email for updates — the seller will send you the NDA to review and sign before sharing any confidential details.
Agent, Broker or Seller Contact
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