Posting Details

Market With Deli For Sale - San Gregorio, San Mateo County

San Gregorio, San Mateo County Market With Deli For SaleHighlights
Located in a small, yet well known town in the san mateo county coastal mountains on one of the main roads connecting the bay area to the coast, this market has a rustic outside with an upscale inside. This market is the only one within 10 miles, giving it a virtual monopoly. The profit margin on sales are higher than average because of this, and the lack of competition means high sales and profits for many years for the owner.

Products / suppliers / customers
"product sales mix: grocery 44%, deli & pizza 19%, beer & wine 17%, tobacco 13%, other: 7%. Customers include local residents, summertime travelers and a lot of cyclists stopping for a deli sandwich. Sales are strong and steady throughout the year as this is the grocery store for the local community.
Major suppliers include: super value, tony's, berkeley farms,watsonville produce, and bi rite.

Competitive advantage
The only place for to get groceries in the entire town.

potential
There is no full restaurant in the city, which is why the deli does so well. They recently added pizza and that has done well. Having an outdoor bbq with the smoke and smell drawing in the business would be an excellent addition. Adding other ready-to-eat items should do very well to increase the business.

Seller's role in operation
The owner lives 4 hours away from the location and visits a few times per week just to keep things in order. A new owner could run the business the same way, or work it full time, providing higher profits through reduced labor and more control over inventory and costs, as well as more growth opportunity through active promotions and new ideas.

Facility size: 2,400 s.f. + 600 s.f. Storage
Rent -base: $3,000 per month
Rent -nnn: included
Expiration: 5 years
Renew option: 5 years

sales
2018 7mo. $736,461
2017 12mo. $1,246,927
2016 12mo. $1,235,442

Owners hours: 1@ 15 hrs/wk
Employees: 3 full time + 2 part time
Operating hrs: m-f 7am-8pm, s&s: 8am-8pm
Licenses: beer & wine
The listing # 246276 Market With Deli - San Gregorio, San Mateo County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Market With Deli in San Gregorio, San Mateo County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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Well established Grocery Liquor store with a deli. The deli does have a type one hood. Gross sales are $50K per month. New lease available starting at $4,500 per month. Will have an opportunity to expand the square footage. Inventory sold separately....
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It is surrounded by business, some residential housing, & beautiful scenery. The market is constantly stocked with a wide selection of snacks, drinks, & food from deli. 2,600 sq.ft. Monthly rent $7,800. Lease is for 10 years + a 10 year option.
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