$800,000.00
Asking Price
Status: Active
Posting ID: 274846
9/25/24
Description
For sale is an Indian grocery store owned by the same owner for approximately 8 years in Contra Costa County, CA. It has very reasonable rent. It is 4,500 sq ft. for $2,300 + NNN until Feb. 2023. The lease ends on February 28, 2023. From March 2023 onward, the lease will be under negotiation for a new 10-year lease + options.The restaurant has an active onsite sale beer and wine license. All equipment/appliances are in working condition & included in the sale. The restaurant with a seating capacity of 65. This can be owner-operated or rent out to someone else.
This location is in a very famous busy shopping center, so it is popular among customers. The sales in 2019 were $1,275,163 and the 2020 sales were $1,267,247. Financials for Y2021 and YTD 2022 are still awaited from the seller. Currently, the restaurant is closed due to Covid-19. The restaurant space is being used to store groceries. There is approximately 2,000 sq ft. of storage space also available @0.50/SF p.a. proposed rent, which will be included in the new lease.
Per seller, there is an additional $2,500/mo income from the eyebrow place. The opening hours are from 9am-8pm Mon-Sun. It is being sold due to other interests. HTe purchase price includes $85k worth of inventory.
To get more information about this Indian Grocery Store - Reasonable Rent business for sale in Contra Costa County please phone Din Sharma (Agent - BRE License #:01744678) at 707-365-9385 and 707-365-9385 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #274846 on BizBen.com. In addition to phoning Din Sharma, make sure you email Din Sharma above to get more info about this Indian Grocery Store - Reasonable Rent, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01744678. DDS Commercial Real Estate.
Contact
Details
Asking Price: $800,000.00
Down: 25%
Cash Flow: Call/Email
Revenue: Call/Email
Area: Contra Costa County
City: None Given
Attributes:
My Notes About This Listing
Cash flow
Call/Email
Revenue
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Down
$249,000
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Cash flow
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Revenue
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Down
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Down
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Down
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Typical Floor Size
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Revenue
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Down
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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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