Successful Deli and Market in Santa Cruz Area
Financial Details
- Asking Price:
- $442,000
- Annual Revenue:
- $1,006,000
- Cash Flow / SDE:
- $148,000
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 3.0x
- Location:
- CA, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This listing presents a highly successful and well-established landmark deli and mini-market located in the desirable Santa Cruz area of Monterey Bay. With over 40 years of operation, the business has built a strong reputation for gourmet sandwiches, cold and hot dishes, salads, breakfast burritos, smoothies, and acai bowls. The facility offers ample sit-down eating space and convenient parking. Notably, the business has seen increased profitability due to a shift to take-out only during the pandemic, while retaining its consistent pre-Covid breakfast and lunch customer base. The sale includes valuable beer and wine on-sale and off-sale licenses. The business boasts excellent customer and employee reviews, indicating a high-quality, sustainable operation. The current owner is largely absentee, suggesting potential for new ownership to enhance operations. The deli is equipped with a hood, full kitchen line, and a large walk-in refrigerator. Significant growth opportunities exist, including expanding catering services, full dining, a beer garden, and wine tasting events. The property is 3500 SF with 5 years remaining on the lease, plus two 5-year options, at a gross monthly rent of $4,505.
Industry Information
- Industry Description:
- Supermarkets and Other Grocery (except Convenience) Stores
- Classification:
- Retail
Operational Snapshot
- Year Established:
- 1985
Real Estate & Lease
- Status:
- Leased
- Monthly Rent:
- $4,505 USD
- Lease Expiration:
- 2030
Assets & Inventory
- Inventory Value:
- $33,000 USD
- Includes Inventory:
- No
Listing Details
- Listing ID:
- 4caf7599-84e3-413f-8c8d-040002152323
- Source Listing ID:
- C4293
- Deal Status:
- Sold
- Date Posted:
- July 21, 2025
- Last Updated:
- September 15, 2025
- Currency:
- USD