$1,499,000.00
Asking Price
Address: Salinas,
Status: Active
Posting ID: 287713
3/7/25
Description
Description:
This grocery market located at the 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: $5,842/m (plus sewer charges ~$450 to $500/m).
Lease: New 5yr lease plus one 5-year option for an eligible Buyer.
Revenue:
~$120,000/Month plus $36,000+/yr rental income from Meat market and ~$48,000/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.
To get more information about this Grocery Market - With Beer Wine License business for sale in Salinas please phone Harry Sidhu, CBB, CBI (Intermediary, ProBuySell Member, Broker - BRE License #:01433114) at 510-490-9705 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #287713 on BizBen.com. In addition to phoning Harry Sidhu, CBB, CBI, make sure you email Harry Sidhu, CBB, CBI above to get more info about this Grocery Market - With Beer Wine License, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01433114. Mission Peak Brokers, Inc..
Contact
Details
Asking Price: $1,499,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $1,440,000.00
Area: Salinas
City: Salinas
Attributes:
My Notes About This Listing
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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.
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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