$600,000
Red Apple Market
Listing Type: Business Opportunity
Category: Grocery
Status: Available
CBA ID#: 656922
820 Cleveland Ave
Mount Vernon, WA 98273View Map
Commercial Property

Marketing Description:

• Grocery store established in 1965
• Sole grocery facility serving downtown area
• Easy access to I-5 exit 226 [Kincaid]
• Adjacent to $46m+ Mount Vernon Library Commons development project including parking garage
• Leased 12,390 +/- sf retail building on .67 +/- acres
• Located on the south end of downtown Mount Vernon core
• $600,000 plus inventory cost at closing
• Financial information available with signed NDA
• Seller may contribute to equipment and/or facility upgrades, to be negotiated.
[All information deemed reliable however not guaranteed; verification recommended.]

Listing Agent Remarks:
• Grocery store established in 1965
• Sole grocery facility serving downtown area
• Easy access to I-5 exit 226 [Kincaid]
• Adjacent to $46m+ Mount Vernon Library Commons development project including parking garage
• Leased 12,390 +/- sf retail building on .67 +/- acres
• Located on the south end of downtown Mount Vernon core
• $600,000 plus inventory cost at closing
• Financial information available with signed NDA
• Seller may contribute to equipment and/or facility upgrades, to be negotiated.
[All information deemed reliable however not guaranteed; verification recommended.]

Use Discretion: Yes

Included in Price:

  • Real Property: No
  • Inventory Included: No
  • Fixtures/Equipment: Yes
  • Phone System: Yes
  • Trade Name: Yes
  • Excluded Items: No

Financials:

  • Operating Income: $647,000
  • Operating Expense: $635,000
  • Net Profit: $12,000
  • Monthly Rent: 8500
  • Docs With Offer: No
  • Profit/Loss Years: 3
  • Schedule C Years: 3
  • Balance Sheet Years: 1
  • YTD Statement: Yes

Seller Terms:

  • Seller Terms: No
  • All Cash: No

Property Features:

  • Catagory: Grocery
  • Leaseable SqFt: 12390
  • Includes Living Space: No

Business Features:

  • Ownership Type: LLC
  • FT Employees: 20
  • Year Established: 1965

Licenses:

  • Beer/Wine: No
  • Gambling: No
  • Professional: No
  • Class H: No
This Listing Supplied Courtesy of Learned Commercial, Inc.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity