Seller's Contact Information
- RE: Alameda's Famous 'Santoro's Italian Deli & Market'
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $298,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | 4 | |
| BBN Listing #: | 303411533 | |
| Broker Reference #: | 4080 |
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:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $275,000Restaurant and Bar for sale at Dale Hallow Lake
Awesome income potential. Nestled in between two marinas on Dale hallow lake turn key restaurant and bar with 2 bedroom 2 bath down stairs. Building comes with everything you need to start conducting business upon closing. Building is being sold for appraisal value restaurant equipment is a bonus. Don't let this opportunity of a lifetime pass you by.
Asking Price: $192,000Restaurant Business Opportunity
Business Opportunity!! Established and loved restaurant in Wavland, MS … owners has another business opportunity to be apart of in New Orleans … so this is your chance to walk into an established and well working business. They have until the end of April to decide. If no one takes advantage of this opportunity then they will carry on with the business here.
Asking Price: $1,200,000Waterfront Restaurant
Turn key operation, great for many concepts.Outdoor bar and boat slips for guests visiting on boat.
Asking Price: $750,000Commercial Hood Cleaning
This business is not a luxury but a necessity for the insurance and fire departments. We clean hundreds of restaurants and more calling everyday established is 1982 and more successful than ever!
Asking Price: $8,000,000Wisconsin Club, Tavern, Food Establishment
Long established business in a tourist Meca located in a thriving Midwest state. Property was built from the ground up and includes a espansive kitchen, dining area, and dance floor. At night, the club DJ is rocking all the tunes of the times complete with its epoxy dance floor and three full bars. Not to worry though as the Sunday Game Day is also great with the numerous TV's located around the property.
Asking Price: $2,500,00011 Subway restaurant group
Superbly well located, group of 11 restaurants of the largest national franchise fast food retail store (Subway), Fast food concept, with over 5 years of continuous operation. Great growth perspectives as many other units can be added.
Asking Price: $60,000My new Listing
bnvgfkuyfky
Asking Price: $645,000Money Making Butcher Shop, Restaurant & Grocery...
Phenomenal 3 facet business complete with grocery store, restaurant & butcher shop, fully operational and profitable, very established in high traffic area.
Asking Price: $195,000Profitable, well established, great visibility!
Well established business grossing over $420,000.00 annually with secure lease for new owner
Asking Price: $500,000Italian Family Restaurant #816
Established over 25 years ago, this family restaurant is in a high traffic area and has an excellent reputation for Italian food. It is centrally located near a major university and could be easily reconfigured into a sports bar, a proven winning formula for making money. For more information, contact Brian Jones using reply to this ad button.
Asking Price: $240,000Breakfast & Lunch Cafe in Phenomenal Location
A small breakfast and lunch cafe in a busy commercial park, just a block away from residential community. A hidden gem with low monthly lease. Fully renovated and ready for new owner.
Asking Price: $185,000Trendy Korean Restaurant
Trendy Korean sit down and take out restaurant with a unique Asian Fusion flare. 2024 modern time feel with kiosk, TV's and franchise aura. Immaculately kept, brand new look from store front to back kitchen.
