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