Large Liquor, Grocery & Deli

San Mateo County, California, United States

Asking Price$90,000

Revenue-

EBITDA-

Cash Flow-

Description

Here is a rare opportunity for an experienced operator to take over a large, established neighborhood liquor, grocery, and deli location in the heart of San Mateo County. This freestanding building with a large private parking lot has served the surrounding community for approximately 40 years as a neighborhood one-stop destination. The property has historically accommodated groceries, liquor, deli, and other neighborhood services. After decades of serving the community, the owner has retired and is now ready to lease the premises to a qualified new operator who has the experience, vision, and financial ability to bring this location back to its full potential. HUGE UPSIDE FOR THE RIGHT OPERATOR The store is approximately 4,980 square feet and offers tremendous potential for an operator willing to perform cosmetic improvements, modernize the store, and invest in inventory. With the right merchandising, product selection, marketing, and management, this location has the potential to generate substantial monthly sales. An experienced operator may be able to build sales toward the $250,000–$350,000 per month range, although no sales level is guaranteed. The location already has several valuable features in place, including: Existing liquor license Approximately a 14-door walk-in cooler Large grocery and liquor retail area Dedicated deli area Separate space that could potentially be developed into a small restaurant, specialty food concept, or ice cream shop, subject to required approvals Large upstairs storage/office area Private bathroom and shower Excellent customer parking Freestanding building with strong visibility Approximately 4,980 square feet BELOW-MARKET RENT & EXCELLENT LEASE TERMS One of the biggest advantages of this opportunity is the proposed rent. The landlord is offering the premises at approximately $3.00 per square foot, or about $14,940 per month, compared with the owner's estimate of approximately $4.00 per square foot for comparable space in the area. For a qualified operator, the landlord is prepared to offer a 7-year lease plus two additional 5-year options, providing the stability needed to invest in the location and build a long-term business. IDEAL FOR AN EXPERIENCED OPERATOR This is not simply a small liquor store. It is a large-format neighborhood retail opportunity that could combine liquor, grocery, deli, specialty foods, and other complementary concepts under one roof. The location needs cosmetic improvements and substantial new inventory, which is exactly where the opportunity lies. A capable operator can redesign the store, improve the product mix, modernize the deli, and create a destination business for the surrounding community. The landlord is seeking a qualified, experienced operator. Prospective tenants should be prepared to provide proof of funds and evidence of relevant operating experience. After approximately 40 years at this location, the property is ready for its next chapter.

Real Estate

Leased

Building Size: 4980 sq. ft.

Reason Selling

Retiring

Business listed by

Matt Sadati

Liberty Business Advisors

Related Categories

deli and sandwich shop for Sale

•grocery store for Sale

•liquor store for Sale

•Business for Sale in California