Price: $442,000
Location: Santa Cruz County, CA
Industry: Supermarkets and Other Grocery (except Convenience) Stores
Listing ID: C4293
Listing Status: Sold
Description
THE PANDEMIC HAS ACTUALLY INCREASED PROFITABILITY! Here is a unique chance to own an extremely well established landmark deli in the beautiful, desirable, Santa Cruz area of the Monterey Bay. Established for over 40 years, this iconic, high-end deli and mini store features gourmet sandwiches, cold and hot dishes, and salads, as well as breakfast burritos, breakfast sandwiches, smoothies, and acai bowls. The business also includes plenty of sit down eating space AND ample parking. Due to the Covid pandemic, the business has shifted to take-out only and has never been more profitable! Prior to Covid, a thriving, consistent breakfast and lunch crowd plus student and beach goer populations kept revenues up and profitable. All of which a new owner could reinstitute if desired. Beer and wine on-sale and off-sale licenses are included as value added. Excellent customer AND employee reviews add up to a high quality, sustainable approach to food service. Current owner is largely absentee. Pride of ownership. Stellar improvements show in every detail. Deli has a hood, full kitchen line, and giant walk-in refer! Lots of options for improvement including expanding catering, full dining, beer garden, wine tasting events, etc.
3500 SF +/-. Lease has 5 more years with 2 5-year options currently available. Rent is $4505/month gross.
LISTING DETAILS
Total Sales: $1,006,000
Cash Flow: $148,000
Inventory: $33,000
Inventory Included: No
Location
Monthly Rent: $4,505
Type of Location: Owned
Square Footage: 3,500
Summary
Financing/Terms: SBA approval pending
