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#4254
Stockton Merced Modesto

Grocery Market in San Joaquin County

Sold
Grocery Market in San Joaquin County
This Listing is Sold

San Joaquin County... Grocery Market. Sales are up...!

Opportunity to own a Grocery Market with fresh Meat, Produce , Groceries and Hot Food with Hood system.

Busy neighborhood South East Asian grocery store in busy retail shopping center. This Market is located on one of Busiest Streets in town.  There is a Butcher shop with fresh meat & poultry, produce, canned foods, specialty items...you name it, its has it. It also has small hood system for hot food for ready to eat food to go! Deli sandwiches and deserts and more.

Great Yelp reviews...customers love the fresh meat & produce and comment on the quality and pleasant employee service..

Open 7 days per week.

Off Sale Beer and Wine type 20 license.

Equipment includes:

9 drink Coolers, 2 display coolers, 2 display meat coolers, 2 walk in meat coolers, 1 walk in produce cooler, 1 open display freezer. 3 meat processing and cutting machines, commercial range & hood.

Office equipment, coin counters, money gram machine to use, 16 security cameras, 2 POS system and more.

Rent is Good...$6,000 for approx. 6,000 sq. ft....new lease to be negotiated.

2014 Sales $1,287,786

Seller's state that an experienced Manager/Owner operator who can work the numbers and manage sales, inventory and staff can could operate more efficiently. Modest price increases could also add to profitability.

The sale price for the store is $125,000 including goodwill, equipment, and inventory.  

Make your offer as sellers are motivated!

For additional information  buyer will need to fill out a simple one page buyer profile to show ability to purchase and qualify for lease. Seller requests that any buyers visiting the store are discreet and please do not talk to employees!

Reason for selling: Other interests.

Go to SellingRestaurants.com to get more information including name and address. Listing 4245.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Stockton Merced Modesto
Lease Term:
Expires December 31st, 2015..New lease
Total Monthly Rent:
$6,000
Security Deposit:
$11,018

Financials

Last Year's Annual Gross:
$1,287,786
Last Year's Food Cost %:
75

Operations

Liquor License:
20
# of Full-Time Employees:
3
# of Part-Time Employees:
4
# of Family Employees:
2
# of Working Owners:
1
Hours Open:
8am to 7:30pm
Year Established:
1982
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
Approx. 6,000

Highlights

  • Busy Retail Center
  • Good Reviews
  • Type 20 off sale
  • lots of parking
  • Owner may carry with $75K down and Good credit!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 49,058 118,964 220,933
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 17,590 39,771 70,788
2010 Persons Per Household 2.66 2.83 2.97
Median House Value $162,000 $144,651 $148,720
Income Per Household $39,301 $41,067 $44,067
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,233 2,018 3,594
2012 Number Of Employees 38,324 69,292 116,828
2012 Total Annual Payroll $492,195,000 $1,183,621,000 $2,208,260,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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