POPULAR ASIAN SUPERMARKET IN EAST BAY

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Call Us:

Brea: (714) 987-6147
Eugene: 650-787-2512
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
8555 - Markets & C-Stores

Location:
Northern California - East Bay

POPULAR ASIAN SUPERMARKET IN EAST BAY

Business Description:

This East Bay Asian supermarket has been established for over ten years. It was recently remodeled with a new refrigeration system, a walk-in cooler and freezer, a deep fryer, a live fish tank and a lot more. Products include Asian groceries, meat, seafood and fresh produce. The sales on its tax returns have consistently been over $3MM in recent years. Observation is strongly recommended to understand the income potential. Its young owners are motivated to sell in order to pursue different careers. Inventory of $300,000 is included in the purchase price. Business has been pre-approved for SBA financing. Ref#8555


Asking Price: $875,000


Inventory (included):
$300,000

Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

12 Months Ended

12/30/2017

$3,010,208
(Sales)

$244,911
(Adjusted Cash Flow)

12 Months Ended

12/31/2016

$3,250,257
(Sales)

$235,001
(Adjusted Cash Flow)

12 Months Ended

12/31/2015

$3,454,822
(Sales)

$385,287
(Adjusted Cash Flow)

12 Months Ended

12/31/2014

$3,266,103
(Sales)

$417,759
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 6 5
Owners 2 1

Hours of Operation
Daily 9:00 am - 7:30 pm

Licenses Required:

  • Seller's permit
  • Health permit
  • ABC type 21

Lease

Monthly Rent Including NNN:
$7,748

Expires:
5/31/19

Option:
For 10 years

Size(sq.ft.):
7,800

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Career & lifestyle change

Training:
2 weeks 30 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Brea: (714) 987-6147
Eugene: 650-787-2512
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.