Like New & Beautiful Boutique Grocery Market

Cloverdale, CA (Sonoma County)

Like New & Beautiful Boutique Grocery Market
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Asking Price: $399,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $197,000

Rent: $3,690 /Month

Established: 2017

Like New & Beautiful Boutique Grocery Market

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Business Description

The Market is a unique boutique grocer that offers residents and tourists in North Sonoma County a beautiful shopping experience in a space full of natural light, custom reclaimed and distressed wood displays and a gorgeous variety of curated products. Founded in 2017, the market is clean and well-kept. Revenues in the first year were 1.2M and in year two, 1.6M with an adjusted net income of 5.4%. Next operator could add beer and wine for increased revenues. The market features high-quality groceries; local, seasonal produce; and prepared foods made onsite including sustainable sushi, artisan pastries and grab and go sandwiches as well as an organic salad bar and hot bar. The meat department features organic, free-range meats/poultry, and wild-caught seafood. There is a wide range of health products and holistic beauty lines, and local and globally curated, ethically-produced home goods for kitchen and bath. This is the perfect opportunity for a first-time operator to buy a fully functioning and well-run business or for the seasoned operator ready to add another unit.

ADDITIONAL DETAILS:

-The market is 4,800 sqft (approx.) w/ indoor seating for 16 and a small outdoor seating area

-Rent is $3690 (approx.). Current term expires August 2022 with two 5-year options.

-Equipment includes 24’-0” (approx.) Hussman produce refrigeration case; 8’-0” (approx.) Type-1 Hood; Vulcan double convection oven; Imperial 4-burner stove; 33 Lozier Shelving units; 10’X10’6” Walk-in refrigerator; 26’-0” X 10’-0” Walk-in with 10 self-serve glass doors; Ice-O-Matic ice machine;; triple ware washing sink with spray nozzle; two-compartment sink; 5 hand washing sinks; mop sink and much more

-Market is open 7 days a week 8:00am-8:00pm Monday-Saturday and Sunday 9:00am-8:00pm

-Two Owners work in the market with 14 employees including a full-time sushi chef, pastry chef and kitchen manager as well as 2 part-time produce clerks and 6 cashiers

-Inventory valued at $195,00 (approx.) is included in the purchase price

Price Includes: Furniture, fixtures and equipment, training period, leasehold interest, leasehold improvements, and goodwill. Some personal items may be excluded from the sale. Inventory is not included in the sale and is available for Buyer to purchase at wholesale cost

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,800
Lease Expiration:
8/31/2022
Employees:
14
Support & Training:
Seller will provide consulting and training to qualified buyer
Reason for Selling:
Moving the family out of the area
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Ryn Longmaid

Business Listed By:
Ryn Longmaid

Santa Rosa Business & Commercial

Show Phone Number

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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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.


Sponsoring Broker:
Jeff Sacher

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