Market with Hot Deli/Catering, Monterey Peninsula

Not Disclosed, CA
Monterey County

Monterey Peninsula

Asking Price: Annual Revenue:
$259,000 $799,000

Food & Beverage: Grocery & Food Stores

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RE: Market with Hot Deli/Catering, Monterey Peninsula Broker: Flora Chong

Quick Facts

Asking Price: $259,000
Annual Revenue: $799,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1950
Employees: 4
BBN Listing #: 1678931
Broker Reference #: M1705

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Business Overview:

BACK ON THE MARKET Deal Fell through!This full service market, in business on the Monterey Peninsula since the 50's, is known for it’s excellent hot deli service, catering & quality meat at a full service meat counter. Customers enjoy delicious sandwiches, BBQ meats, daily hearty homemade soups, salads, party platters. The catering business is an additional profit center. It also offers a large variety of craft beer & wine & services such as lottery & an ATM machine. This 6,000 square feet market is located in a neighborhood shopping center with lots of parking, high visibility & easy access from major through streets. The owner has other businesses & now only works a few hours. The spouse is now working full time. There are now 1 full-time & 4 part-time employees. $70,000 inventory is in addition to price. Divorce necessitates a quick sale.

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Property Features and Assets:

6,000 Square Feet market in neighborhood shopping center, visible from the street; plenty of parking & easy street access busy street near freeway exit. Market has coolers, deli section with hot and cold prep and serving equipment, beverage & meat cooler, full service meat display case Lease $7,300 + $1,750 NNN Exp 10/31/18.

Market Competition and Expansion:

Located on a busy street, near freeway exit. Hot deli and catering are strong profit centers.

Reason for Selling:

Busy with other businesses.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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