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

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Current Status: Active     Posting #: 246276     Last Refreshed: 9/16/18     BRE License #: 01183017    
Contact: Todd Moore At 650-988-1870 , 650-996-4520  -  Also Email This Contact Below
Price:  $695,000     Down:  $175,000     Adjusted Net:  $247,577     Revenue:  $1,262,505    
Business Address:  None Given     City:  San Gregorio     Zip:  94074    
Attributes:  Semi-Absentee Run, Financial Assistance, Training & Support     Cooperation With Brokers?  Call
San Gregorio, San Mateo County Market With Deli Business For Sale

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For Best Results & Response, Email & Phone This Contact: Todd Moore at 650-988-1870 and 650-996-4520.

  Description About This Posting: Market With Deli
Highlights
Located in a small, yet well known town in the santa cruz 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

To get more information about this Market With Deli business for sale in San Gregorio, San Mateo County please phone Todd Moore (Broker - BRE License #:01183017) at 650-988-1870 and 650-996-4520 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #246276 on BizBen.com. In addition to phoning Todd Moore, make sure you email Todd Moore above to get more info about this Market With Deli, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


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