Title: Produce Market Grocery Store: Absentee run, real money maker!
Asking Price: $900,000 Annual Revenues: $1,700,000 Absentee Cash Flow: $290,000
Inventory: $50K (to be paid for in addition to the purchase price)
Furniture, Fixtures and Equipment: approximately (included in asking price)
This great, consistently good money-making business has been at this location for about 39 years and under current owner for over three years. Currently the business is absentee run with the owner spending only 3-4 hours a week at the business. A full time working owner would have make around $360,000. The absentee owner cash flow is around $300,000.
It is in a great residential location of San Francisco with easy access to Buses, Muni, and the “Google Buses”. It has made consistently good money for the owner. The business sells the full line of groceries, fresh produce, fruits, and other items. It has a great reputation for the quality and freshness of its produce and is highly rated on Yelp.
They are open from 7am to 8pm everyday.
Leased Space: Approximately 1,900 SF space on a street corner with an additional 200SF storage space. The monthly rent including the additional storage is $5,400. There is one parking space.
Business has 6 full time employees and 2 part-time employees paying an average hourly wage of $14/hour.
Great opportunity to make consistent excellent income at this business! All furniture, fixtures, and equipment, including cold storage coolers and a truck are included in the sale price.
During the last three years the owner made the following improvements:
• Two brand new cash registers
• Updated cooler compressors, fans, timers. Spent over $10K
• Installed new garage door motors with remote control ($1K)
• Installed new bearing and drum in the front door lift gate ($2K)
• Installed a Twelve camera security system accessible remotely.
If you are interested, please complete the Confidentiality Agreement and Buyer Profile from http://www.AcaciaGroupInc.com/nda.pdf and fax the completed forms to us at (408) 852-4358. Seller will then screen all prospects and those that are suitable will receive a detailed confidential business profile.