Historic Redlands Market & Deli with Property

Location: California, United States
Category: Retail
Type: Established

Financials

Asking Price: $850,000
Cash flow: $134,501
Revenue: Not Disclosed
Gross Income: $462,243
Inventory: $10,000 - Included in the Asking Price
FF&E $70,467 - Included in the Asking Price
Real Estate: $850,000 - Not included in the Asking Price

Business Details

This unique market / deli sale includes the historic 2,000 square foot building constructed in 1924 (but completely renovated in 2002) which sits on a 5,000 square foot corner lot. This market / deli presents a working or absentee owner the opportunity to operate a fantastic customer oriented lifestyle business that has become the premiere specialty food market / deli in this very quant neighborhood, and capitalize on the market s unique history and location. This sale includes the real estate and the business, including its tangible and intangible assets, existing inventory, equipment, trademarks, logos, vendor relations, and a branded merchandising website with credit card processing.

Facilities:
This business is located in a historic, upper income Redlands neighborhood with high walk-in traffic. The turn-key operation comes complete with inventory, several refrigeration units, coolers, coffee/espresso equipment, POS hardware, snack and wine display racks, deli cases, as well as a separate food preparation area (though there is no hood, oven, stove, etc.).

Financing:

Support:
2 weeks at 20 hourswk

Competition:
This Market / Deli has few nearby competitors in the specialty grocery product field, or in the beer, wine, deli arena due to its unique location in a residential neighborhood (this establishment s off sale beer and wine license has been grandfathered in). The market faces typical competition in terms of soft drink and coffee sales, but still enjoys a sustainable competitive advantage due to its unique location and charming atmosphere.

Growth:
New management would likely seek to expand the selection of wines, microbrews, and sandwiches, or potentially modify the concept completely to offer residents a traditional convenience store style offering. Conversely, new management may seek to maintain the market s specialty product offering, and grow sales through the store s online specialty product offering. New management may also potentially choose to offer delivery services to neighboring businesses and/or residents. Given the location s food preparation room (there is no hood, oven, stove,

General Information

Reason Selling: Personal

Number of Employees:
Year Established: 1940