Alameda's Famous 'Santoro's Italian Deli & Market'

Business Overview:

Alameda's Famous 'Santoro's Italian Deli & Market' is FOR SALE! Only Open 3 or 4 hours a day $$$

RRC#: 4080
Asking Price: $298,000
Location: 475 Santa Clara Ave, Alameda
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Monthly Rent: $2,325 (includes water) NO NNN
Expiration: Sept 2027

Listing Description:
Alameda's most popular deli and market is for sale! Santoro's Italian Deli and Market is a local institution that draws lines for lunch daily. Santoro's is open six days a week, for a few hours each day. Closing time comes once they run out of the fresh bread they build their stunning sandwiches on. Their classic, consistent and quality sandwiches bring in an enormous amount of customers that include sports stars, local officials, firefighters and students galore, as this location is surrounded by no less than seven nearby schools.

The longtime landlord loves Santoro's and would love to see a new owner carry on the legacy. The lease is outstanding for this popular area and for this /-1,200 Square Feet space only has a monthly rate of $2,325 which includes water. This is a Below Market Lease Rate for this area and has not NNN costs passed onto the tenant. An owner could easily pay their rent in less than 2 days of sales as Santoro's averages approximately $1,400 (plus cash sales) every 3 hours.

Santoro's volume and profits have risen over 17% from 2019 to 2020, and is on target to double that percentage sales increase to nearly 34% increase from 2020 to 2021. A new owner could expand hours and quickly double volume. Alameda's demographic has drastically changed over the years, and the property values have sky rocketed bringing a whole new layer of customers to Santoro's. Santoro's also gets catering orders and holiday orders from the local community and businesses.

Mr. Santoro is dedicated to making sure a buyer will carry on the Santoro's name successfully, thus is committed to detailed and extended training for a new qualified owner. Santoro's team is professional, efficient and great at what they do, thus a new owner will be set up for success!

A full equipment list can be provided upon request.

Santoro's Italian Market & Deli won't last long as it oozes Goodwill and customer loyalty, during the few short hours it operates daily! This opportunity is a business owner's dream.

General Information:
Organization: Sole Proprietorship
Year Established: 2009
Current Owner: 2008
Employees: 2-4
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Payroll: Contact for Info

Facilities:
Square Feet: 1,200
Seating: Counter Service, room for 18-24 Outside Sidewalk
Parking: Easy Street
Days/Hours of Operation: Monday - Saturday 11am until OUT OF BREAD

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other Interests.

Additional Details:

Documents:

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