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Growing Market & Deli In Charming Location
Location California,United States
Asking Price Range < $250K
Gross Revenues $200000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2011
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Owner interested in training
Reason for Sale Owners are selling because they have other business ventures and family time commitments they are trying to balance.
Description This recently revamped market has a growing customer base. The market is located in an historic and charming shopping area in the Santa Cruz area, with coffee shops, antique stores, wineries and other attractions. The market draws customers from visitors, surrounding neighborhoods, a nearby school, and a nearby college.
The market is licensed to sell beer and wine. A deli counter offers prepared sandwiches and other items, and the market also supplies wholesale sandwiches to a market in another neighborhood.
The store features extensive cooler/freezer displays, outdoor barbeque, ice vending, ATM, point-of-sale system, security cameras, deli area, off-street parking and other amenities.
The current owners took over in 2011, and they have invested time, effort and money to upgrade the appearance, inventory and facilities, resulting in steady expansion of business. Improvements include a new food prep and deli sales area, improved displays, and significant cleanup & refurbishment. Inventory has been upgraded with a greater emphasis on local wines, beer selection, and better matching of items to local market needs. The result has been strong sales growth and profitable operations.
The owners are selling because they have other business ventures and family time commitments they are trying to balance. This creates a nice opportunity for a new owner. With an excellent location and facilities, a new owner could go in several directions to grow revenue and profit, building on the existing steady revenue base. Here are a few ideas:
ú Continue the current expansion strategy with steady improvements in inventory and marketing to draw more customers.
ú Improve wine & beer marketing; go more upscale.
ú Increased the deli/prepared food business, not only in-store but also wholesale to other local markets. There are good seasonal opportunities for locations that service tourist areas, and year-round possibilities for locations nea
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