Profitable, Independent Sandwich Shop, in Downtown Area

Alameda, CA (Alameda County)

Seller Financing Available
Sandwich Shop
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Asking Price: $78,500

Cash Flow: $68,000

Gross Revenue: $155,000

EBITDA: N/A

FF&E: $6,000

Inventory: $1,500

Rent: $2,000 /Month

Established: 1987

Profitable, Independent Sandwich Shop, in Downtown Area

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Business Description

Priced at only 1.3 times cash flow, this is an outstanding value. This is a profitable, independent sandwich shop where an owner has the freedom to operate his or her own way and not be restrained by the strict policies and procedures of a franchise. This shop has built an excellent, long-term reputation for friendly, efficient service and high quality ingredients. It has a long-term regular and growing customer base. Those who want to dine in can do so in a roomy, relaxing dining area with table seating for more than 30 people. The shop is located in the very popular, revitalized downtown of Alameda and is surrounded by businesses that draw heavy foot traffic to the area.

Alameda, “The Island City”, is a wonderful place to work and/or live. Residents consider the many pluses of the island (such as its charming small-town feel, its ideal micro-climate, low crime rate, good schools, well maintained classic and varied architecture, clean tree-lined streets, beautiful parks, beaches, marinas, it’s convenient ferry system, its great central Bay Area location, etc.) to be the best kept secret in the Bay Area. The island is booming with carefully planned, smart new developments including hundreds of new homes recently constructed and many more in the building pipeline. These residential developments, plus the newly constructed, major, well-anchored shopping center are drawing more and more people and businesses from all over the greater Bay Area. Alameda has become a very desirable destination city. This simple to operate shop in the bustling downtown area is a great business opportunity to take advantage of Alameda’s so many wonderful attributes.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,050
Lease Expiration:
N/A
Employees:
1 FTE, 2 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,050 sq. ft. leased space
Competition:
There are several sandwich shops and other food providers, but there is a mutual benefit in that these purveyors all help draw many more consumers to the busy downtown.
Growth & Expansion:
The seller does almost no marketing, instead simply relying on the reputation of this business for quality sandwiches and friendly service in an attractive, relaxing space. Besides stepping up marketing, especially via online channels, a new owner could expand hours because the current owner has chosen to limit hours to maintain what she considers a reasonable balance between business and personal life. A grill and exhaust fan could be added to significantly add to the food offerings. An energetic new owner could greatly expand the revenues of this well-established, reputable business.
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement
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Contact the Seller

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Phil Holt

Business Listed By:
Phil Holt, DRE #01731143

Sunbelt San Francisco

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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