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Popular Indian Grocery Store

Contra Costa County, CA
listing image
Asking Price:$799,000
Inventory:$85,000
Established Year:2004
Gross Revenue:$950,000
FF&E:$40,000
Listing ID: 1991773Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great Location in a famous busy shopping center. Very popular among customers. The sales in 2019 were 1275,163

Rent - $11,988 - 8800 (6K from Rest and 2800 from SPA) = 2,188/mo

Lease expire - 4/30/2033

Options - 2 Five years each

Employees - 2

Time: 9 AM- 8 PM Mon - Sun

Space - 2300 SF plus 2000 SF storage space

Plus NNN (Rest pays 50% of NNN

Lease ending Feb 28, 2023

Rent from Mar 2023 onward, will be re-negotiated for a new Lease, proposal is on the table.

There is approx 2000 SF storage space also available @0.50 /SF/month proposed rent, which will be included in the New lease.

Financials for Y2021 and YTD 2022 are still awaited from the seller.

Per seller there is additional 2500/mo income from the space provided to salon operator.

Hours of operation 9 AM to 8 PM Mon-Sun.

DETAILED INFORMATION
Location
Contra Costa County, CA
Inventory
Not Included in asking price
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Great Location in a famous busy shopping center. Very popular among customers. Plenty of open Parking spaces available.
Competition
Store is very busy with a great potential to further increase sales.
Growth & Expansion
Restaurant space has been rented for 6000/mo plus 50% of total NNN. Hair and Nail Saloon is paying 2800/mo gross.
Support & Training
Seller will provide 4 hrs per day upto 2-4 weeks training.
Reason for Selling
Other business interests
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Din Sharma
DDS Real Estate
Phone Number
Din Sharma
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