Huge Carniceria Mkt: Rev 1.02M, Net $120K, Log Ls, Prc $289K+Inv, SB

Montclair, CA (San Bernardino County)

Huge Carniceria Mkt: Rev 1.02M, Net $120K, Log Ls, Prc $289K+Inv, SB
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Asking Price: $289,000

Cash Flow: $120,000

Gross Revenue: $1,020,000

EBITDA: N/A

FF&E: $0

Inventory: $50,000*

Rent: $6,180 per Month

Established: 2009

*not included in asking price.

Huge Carniceria Mkt: Rev 1.02M, Net $120K, Log Ls, Prc $289K+Inv, SB

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Business Description

• A large grocery and meat market with easy operation
• A decent monthly sales exceeding $85,000 and an average monthly net income of $10,000. Of these, sales in the meat sector account for about 50%
• Located right on the threshold of a vast Hispanic residential neighborhood. Literally in a middle of residential area. Location with strip center with good exposures, too
• EBT accepted. It's turnkey. Easy-op. Meats and vegies delivered
• Meat sales are about 50% of gross sales giving a good margin of more than 60% in the meat processing sector, while a margin rate of over 40-50% for produces and groceries
• This is the key to the successful business. More than 50% of the revenue generated is in the meat sector, which is very helpful for maintaining in a high net profit
• That's just the beginning. The striking features of this market is not only a large number of sales of more than $1.02 million annually, but also a decent net income of more than $120,000 annually in various sectors
• A perfect opportunity to grab the market at a reasonable price. Good for an owner-operator as it has limited hours and requires only a few employees to operate. See below for more details;
• For more, see below.
• Monthly gross sales are an average of $85,000
• Net profit is anywhere between $9,000 and $11,000 a month, including additional income of $750 per month from Lotto/Lottery sales
• Market size is approx. 9,500
• Monthly rent payment is $6,200, including NNN/CAM
• Lease leftover 4 yrs plus 2x5 years option
• Relatively short business hours are from 8am to 8pm, 7 days
• Established in 2009, but the seller has run only about a year. MUST sell due to a personal issue
• 4 Employees. Two owners still work alternatively
• Wages are $10,000/mo
• Utility/other expenses: $2,600/mo
• Express SBA loans (7a) with a 50% down possible, including inventory at as low as 4.75%, but a rate may vary depending on buyer’s credit ratings and SBA scoring system
• Fine parking space in front and side
• Express SBA loans with a 50% down possible, including inventory
• Online NDA attached. Send your inquiry to beerealty.ca@gmail.com / a message at (714) 345-6514
• Do not speak to employee or interrupt with operations during your observations
• For more details, I strongly urge you to come to our office
• Note
> The business summaries and financial information posted here are deemed reliable and are obtained from trusted sources
> However, it is suggested that the use of this information be limited to something that is not clear until verified
> The broker and/or its agent shall not be held liable for such information whether or not it is true.
> The buyers have the right to check books and records during the given due diligence period upon acceptance of offer
> In addition, the agent has a fiduciary duty to provide correct guidance during the entire purchasing process in a timely manner at each stage of movement

Attached Documents


Detailed Information

Location:
Montclair, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
9,500
Lease Expiration:
9/30/2035
Employees:
4
Facilities:
Meat & produce sales, 20 coolers in a good working condition. Well organized grocery and meat dept, Kitchen just remolded at a cost of $350K, Lotto/Lottery sales, Money order, Ample parking, Extra space to be subleased possible or add more facilities inside
Competition:
Yes
Support & Training:
2 weeks after closing
Reason for Selling:
Personal problem
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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