$1,499,000.00
Asking Price
Address: Pomona,
Status: Active
Posting ID: 285506
4/22/24
Description
This shopping center houses an anchor supermarket, boasting ample parking directly in front of the establishment. It has a great parking lot. The seller is the landlord of the business. Staffing typically consists of 7 full-time employees and 2 part-time employees. The supermarket offers a variety of goods including meat, produce, beer, wine, groceries, hot food, and ice cream.
The seller also serves as the landlord, offering lease terms of up to 20 years with a starting rent of $12,000 gross for the first two years, followed by fixed increases in subsequent years. Beyond the fixed period, rent increases by 3% annually until the end of the lease term.
Operating hours are from 7 am to 9 pm, seven days a week. Sales are categorized as follows: Meat $70,000, Produce $30,000, Beer and wine with Groceries $40,000, Hot food and ice cream $15,000, Groceries $70,000, and other items $15,000. The business does not offer Lotto, tobacco, money orders, or water machines, though their addition could potentially boost sales.
Typically, the business operates without the presence of the owner at the location. The property is also available for purchase if the right price is offered, situated in a bustling area within Pomona, California. Under current ownership since 2019, the business offers small business loans to qualified buyers.
Rent starts at $12,000 Gross next 2 years fixed, 3rd year $13,000, 4th year $14,000 and 5th year $15,000 Gross, 6th year on 3% increase each year until the end of lease terms.
**All information was given by the seller/buyer's responsibility to verify all numbers. All information provided by the seller is deemed reliable but ot guaranteed. Brokers have not audited said information. Buyers are strongly urged to conduct their own investigation and check for the accuracy of said information during the due diligence period.
To get more information about this Supermarket - With Meat And Beer, Semi Absentee business for sale in Pomona please phone Joo (Joe) Lee (Agent - BRE License #:01358449) at 213-820-8877 Cell and 213-820-8877 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285506 on BizBen.com. In addition to phoning Joo (Joe) Lee, make sure you email Joo (Joe) Lee above to get more info about this Supermarket - With Meat And Beer, Semi Absentee, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01358449. Win Realty & Properties.
Contact
Details
Asking Price: $1,499,000.00
Down: $560,000.00
Cash Flow: Call/Email
Revenue: $2,880,000.00
Area: Pomona
City: Pomona
Attributes:
My Notes About This Listing
Cash flow
N/A
Revenue
N/A
Down
Call/Email
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Net Worth
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