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Asking Price: $298,000

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

Alameda, CA
Alameda County

Alameda's Famous 'Santoro's Italian Deli & Market' is FOR SALE! Only Open 3 or 4 hours a day $$$ RRC#: 4080 Asking Price: $298,000Location: 475 Santa Clara Ave, AlamedaAnnual Revenue: Contact for InfoAnnual Cash Flow: Contact for InfoMonthly Rent: $2,325 (includes water) NO NNNExpiration: 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 ProprietorshipYear 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 InfoPayroll: Contact for InfoFacilities: 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

Cash Flow Not Disclosed
Revenue Not Disclosed

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