Liquor Store & Deli/cafe, Monterey Peninsula

Monterey, CA (Monterey County)

Liquor Store & Deli/cafe, Monterey Peninsula

Asking Price:$166,000

Cash Flow:N/A

Gross Revenue:$312,000

EBITDA:N/A

FF&E:N/A

Inventory:$70,000*

Established:2005

*not included in asking price.

Liquor Store & Deli/cafe, Monterey Peninsula

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Business Description

This long established Monterey Peninsula liquor store has both a type 21 full liquor license & a type 21 beer & wine license for its deli. The 2,964 sq. ft. corner location was remodeled with new flooring, cabinet style shelving, granite counter tops & new decor. It has a 9 door walk-in beer cooler. The deli/restaurant has seats for 20, & is subleased for $600 month; a new owner can operate the deli or continue subleasing it. Inventory of approximately $70,000 is in addition to the purchase price. The rent is less than $1.00 per square foot & has 3 five year options. The absentee owner who has never worked in the store has other businesses. A family member is managing the shop.

BUSINESS IS IN ESCROW BUT WE ARE TAKING BACK UP OFFERS.

Please refer to Listing ID - M1601-FC when contacting us. Thank you.

Detailed Information

Inventory:
Not included in asking price
Employees:
2 pt
Facilities:
Free standing 2964 SF corner building, with excellent presence in the business & shopping district of the city. 9 door beer cooler, deli with seats for 20 . Distinctive color, large plate glass windows Lease $2692 Exp 11/19/16 w/3 five yr options.
Support & Training:
2 weeks, 20 hrs per wk
Reason for Selling:
Retiring

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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