Local Hispanic Market With New Bakery - SOLD!

Local Hispanic Market With New Bakery

Orange County, CA

Listing #: $2313
Price: $
Description: If you're looking for a neighborhood market in central OC, this is the perfect opportunity for you. The locals frequent this market for their daily basics, as well as a variety of delicious meats. They also have an excellent produce section, a bakery with fresh baked goods, and an excellent food to go section with seating. In business for 35+ years, if you're in the neighborhood, chances are you shop here.

The owner likes to remodel his businesses, and that shows here. He has done major improvements to the building: new floors, new coolers, new lightning, fresh paint both inside and outside, a new produce section and much more. The bakery department is completely new! There is plenty of parking, with lot large enough to lease the rear of the building to a recycling company. It has a fantastic location, surrounded by many apartments, single family homes, and commercial retail businesses to draw business from. Additionally, there is a great deal of drive-by traffic on the main boulevard, as well as being located near two major highways. The employees are very loyal; store manager employed 6+ years, with several employees around even longer.

Unfortunately, the owner is stretched very thin with his collection of businesses, and seems to be more interested in remodeling than operating; this store needs a hands on operator to take it to the next level. Many great pieces are in place: multiple sources of income (check cashing, money wire, recycling lease, etc.) and a great customer base; but the operational and marketing basics need attention. Current owner does no advertising; the only way customers know about sale items is by stumbling across them in the store. He hasn't even advertised his brand new bakery! Operations simply aren't efficient. His product pricing is slightly higher than market, which needs some attention to be competitive. This market under prior ownership has documented sales of over $450,000/mo.

So if you're looking to acquire a very profitable neighborhood market with room to grow, this market is a fantastic opportunity. Contact your Agent today for additional information. !! NOTE: A BUYER WILL NEED 30% DOWN PLUS COST TO PUCHASE THIS BUSINESS !!
Agent: Tony Magana
Mobile: (714) 345-8669
Email: tmagana@blbrokers.com

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Space

Sq. Ft.
Rent

Monthly
CAM

Monthly
CAM
Lease Expires
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Month-to-Month
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Reason for Sale

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Description
Purchase Terms Purchase Terms
Lease & Property Lease & Property
About the Business About the Business
Highlights & Amenities Highlights & Amenities
Equipment & Fixtures Equipment & Fixtures

Price

Inventory

None

(Inventory is included in the base price)

Total Asking Price

Inventory Details

Transfer Fees

Owner Financing

Owner Training

No Yes

Additional Terms

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No Lease

Business is home-based

No Lease

Lease Type

Rent

Monthly

CAM

Monthly

CAM

Security Deposit

None

Space

Sq. Ft.

Lot Size

Sq. Ft.

Lot Size

N/A

Indoor Seating

Patio Seating

Parking

Lease Expires

Options

Annual Increases: Lease

Annual Increases: Options

Additional Lease Terms

Lease Type

Rent

Monthly

TBD

CAM

Monthly

TBD

Security Deposit

TBD

Space

Sq. Ft.

TBD

Lot Size

Sq. Ft.

TBD

N/A

Indoor Seating

TBD

Patio Seating

TBD

Parking

TBD

Lease Expires

Month-to-Month

TBD

Options

TBD

Annual Increases: Lease

TBD

Annual Increases: Options

Additional Lease Terms

TBD

Some terms above may be blank (TBD), as they may not yet be negotiated. Leases vary widely by location, landlord, and Buyer strength; these are frequently negotiated during transactions. Please speak with the Agent for further details.

No Lease

No lease information found.

Total Sales

Asset Sale

Income

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Income

Asset Sale

Revenue Details

Employees

F/T · P/T · Ind. Contractors

Payroll

(Includes independent contractors)

Payroll

None

Payroll Details

Current Licensing

None

Leases & Contracts

Reason for Sale

Franchise Details

Business is not a franchise

Franchise Details

Business Type

Current Ownership

Business Established

Business Hours

Business is currently Closed

Business Hours

Open: 7 Days a Week None

Closed: None

Hours: None

Owner’s Hours and Roles

Business is currently Closed

Owner’s Hours and Roles

Equipment Value (Estimate)

None

Equipment Value (Estimate)

Excluded Equipment (Personal Effects)

Equipment Owned by Outside Vendors

Additional Details

Automotive Improvements

Restaurant Improvements

Estimated Value of ABC License

Estimated Value to Build Similar Location

Business is home-based

Bottomline Business Brokers is sharing information about this Business for Sale under the terms of your current, signed Non-Disclosure Agreement. If you visit this business, please do so discreetly. Do not contact owner, employees, landlord, suppliers, or other tenants! Thank you.

We advise all clients to seek independent legal, tax, accounting, and other professional advice prior to making a purchase decision. The information contained herein has been obtained from the Seller. Bottomline Business Brokers (BRE # 01926680) makes no warranty or representation, express or implied, as to the accuracy of this information, and is submitted subject to errors, omissions, change of terms, withdrawal without notice, and any specific listing conditions imposed by our principals.

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