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Fremont, Alameda County, California
Asking Price
$82,000
Revenue
$306,877
Down
$82,000
Cash Flow
$32,800
Name: Kenny Ahn
Phone: Show phone number
Name
Kenny Ahn
Phone
Show phone number
Posting ID:
250597
Business Category:
Retail
Business Types:
Gift Shop, Greeting Card Store
Keywords:
fremont, gift, alameda
Attributes:
Broker Cooperation
Training And Support
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MS Real Estate Inc. is pleased to present a compelling opportunity to acquire a liquor and food store business in the burgeoning Irvington district of Fremont, California. Established in 1994, this business has been under the current owner's management since 2024. The store is strategically located on one of the most trafficked streets in the vicinity, which is advantageous due to its high visibility and substantial foot and vehicular traffic. Currently, the store provides a diverse selection of products, encompassing liquor, food items, tobacco, and various grocery essentials. The seller seeks to transition into other business pursuits and is eager to find a successor who can take the operation to new heights. This presents a unique opportunity for proactive operators with significant growth potential. PRINCIPALS ONLY! Listing Details: • Square Footage: 1,600 • Lease Expiration: September 30, 2027 (Renewal option for an additional five (5) years available) • Monthly Rent: $4,162.00 month. • Operating Hours: 9 AM to 11 PM. • Employees: 2 • Inventory: $140k-$150k, not included in the asking price. Revenue: • The seller claims store sales are between $ 30,000 and $ 40,000 per month. The broker hasn't verified • Lottos are sold for around $20k per month. For some reason, no tax returns or profit and loss statements (P&Ls) are available. The buyer should conduct their due diligence to satisfy the financial contingency. Financing: All Cash The Seller has provided all the information in the offering memorandum, but MS Real Estate Inc., the listing broker, has yet to verify it for accuracy or completeness. Therefore, it is the responsibility of both the Sellers and Purchasers to verify the information themselves. MS Real Estate Inc. strongly recommends that you seek the help of legal and financial advisors to help you with this process.

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Located in the busy downtown Fremont, the decades-old business is a delightful specialty gift gallery shop, specializing in home decors, unique gifts, distinctive gift cards, kitchen & home wares and a perfect gift for just about any recipient and any occasion. This Gift gallery has been owned and operated since 1994 and has been a first tenant in this mall owned by Washington Township Health Care District. Location! Location! Location! Which is surrounding by national tenants - Walgreen, Panera Bread, 1st United Credit Union, Peet's Coffee, Chipotle, Strizzi's Restaurant and Pet Food Express. Reasonable lease in the Gift gallery about 1,750 sqf. Annual sales (2017.2~2018.1) were just about $306,877 with an SDE (Seller's discretionary earnings) that the owner calculate at approximately $32,800. Asking price is $82,000 not including inventories at cost (to be determined, ranged from $50,000 to $70,000 depending on season). Additional details will be available in the prospectus upon submitting a NDA. Seller will train for 20~30 days as needed. The reason for sell is retire. Make an Offer! Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

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