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Serenity Shop - Santee, CA

Santee, CA (San Diego County)

Seller Financing Available
Serenity Shop - Santee, CA
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Asking Price: $108,800

Cash Flow: $110,000

Gross Revenue: $492,000

EBITDA: N/A

FF&E: $10,000

Inventory: $20,000

Rent: $1,758 /Month

Established: 2013

Serenity Shop - Santee, CA

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Business Description

Step by Step Serenity & Beyond is not only a retail gift shop, it is a shop with a cause. Our primary purpose is to provide a safe and inviting environment for individuals suffering from substance abuse and addiction. We are a gift/bookstore who focuses on the 12 step programs of recovery but anyone can shop and find a special gift here. We also have a meeting room that holds up to 60 chairs where 34 different 12 step meetings are held weekly. These meetings pay hourly rent which helps to cover overhead.

Detailed Information

Location:
Santee, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
9/30/2022
Employees:
1.5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Inventory, Fixtures, Equipment, and an Amazing Reputation in the Community.
Competition:
Only 1 other Serenity Shop in San Diego County, it is located 15 miles NW of this shop and has never posed a problem with market share even with their 30+ years in business. They service central San Diego and we service East County and the South Bay. There is plenty of clients to go around.
Growth & Expansion:
We have thought about a second location but love the small community feel. Owner is also a full time Hospice RN and time is a consideration. It could be done but may water down the product. We are a boutique of sorts, customizing and creating things in addition to the common gifts and books.
Financing:
$80,000 Cash upfront and then $1200 per month for 24 months.
Support & Training:
Current owner lives local and primary employee is able to run the shop independently and help to train new owners.
Reason for Selling:
It is time to let go and prepare for some "me" time.
Business Website:
http://stepbystepserenityandbeyond.com
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Business Listed By:
Kellie Marrujo

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