Conv. & Grocery Store with Beer & Wine ( San Jose)
| Asking Price: | $789,000 |
| Gross Revenue: | $1,200,000 |
| Established Year: | 2006 |
| Cash Flow: | $221,269 |
| Inventory: | $136,000 |
Description:
This high end market is conveniently located inside the retail area of one of the most luxurious apartment communities in North San Jose. This business is a famous contemporary market stocking snacks, Organic products, groceries, beer, and wine selections. The North San Jose area is known for its tech industry, with many tech companies and research institutions nearby. The neighborhood has various residential and commercial areas, parks, and recreational spaces and a new Middle & High school in the immediate vicinity. Sellers are planning to relocate and semi-retire. This well-established and popular spot offers extremely high upside potential for an owner-operator. An energetic and tech-savvy buyer could benefit from online tools for boosting revenue through delivery services. The seller is willing to work with the new owner to ensure a smooth transition and provide training and support as needed.
Equipment: Cash Register with POS, Walk-in cooler, Reach-in cooler, Security System with Cameras and DVR, ATM Machine, Gondola Shelving, and Much More. A complete list of equipment is available with the Listing Broker
General Information:
Organization: Corporation | Square Footage: 1,570 Sq. Ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, Tobacco License, Type-20 Beer & Wine License (included & transferable) | Hours: Mon – Sat 8:00 am to 9:30 pm, Sun 8:00 am to 8:30 pm |
Reason for Sale: Semi-Retirement & Relocation.
Lease Information:
Rent: $4,163/month plus %age rent equal to 7% of gross sales over breakpoint. Break Point varies between $713k to 876k over lease term.
Lease: 7 Years through Nov. 30th, 2030.
Revenue:
Sales: ~$100,000/Month plus Other Income approximately $25,000/year in Lottery & ATM commission. (As per Seller, not verified by the Broker).
Financing: SBA Financing for eligible buyer.
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
