Popular sandwich shop in booming east bay city
Cash flow: $61,000
Furniture, fixtures & equipment: $6,000 (included in price)
Inventory: $1,500 (included in price)
Priced at only 1.61 times cash flow, this is an outstanding value. This is a profitable, independent sandwich shop where an owner has the freedom to operate his or her own way and not be restrained by the strict policies and procedures of a franchise. This shop has built an excellent, long-term reputation for friendly, efficient service and high quality ingredients. It has a long-term regular and growing customer base. Those who want to dine in can do so in a roomy, relaxing dining area with table seating for more than 30 people. The shop is located in the very popular, revitalized downtown of Alameda and is surrounded by businesses that draw heavy foot traffic to the area.
Alameda, 'the island city', is a wonderful place to work and/or live. Residents consider the many pluses of the island (such as its charming small-town feel, its ideal micro-climate, low crime rate, good schools, well maintained classic and varied architecture, clean tree-lined streets, beautiful parks, beaches, marinas, it's convenient ferry system, its great central bay area location, etc.) to be the best kept secret in the bay area. The island is booming with carefully planned, smart new developments including hundreds of new homes recently constructed and many more in the building pipeline. These residential developments, plus the newly constructed, major, well-anchored shopping center are drawing more and more people and businesses from all over the greater bay area. Alameda has become a very desirable destination city. This simple to operate shop in the bustling downtown area is a great business opportunity to take advantage of alameda's so many wonderful attributes.
Location: city and county of Alameda
Facility: spacious and nicely appointed with table seating for 30+ customers. Approximately 1,050 sq.ft. At $2,000/month. Strategically located downtown only 1 block from Alameda's famous multiplex theater and within 1.5 blocks of the city's main high school from which students flock to this shop for lunch. Abundant parking, including a multi-story parking garage less than 1 block away.
Competition: there are several sandwich shops and other food providers, but there is a mutual benefit in that these purveyors all help draw many more consumers to the busy downtown.
Growth and expansion: the seller does almost no marketing, instead simply relying on the reputation of this business for quality sandwiches and friendly service in an attractive, relaxing space. Besides stepping up marketing, especially via online channels, a new owner could expand hours because the current owner has chosen to limit hours to maintain what she considers a reasonable balance between business and personal life. A grill and exhaust fan could be added to significantly add to the food offerings. An energetic new owner could greatly expand the revenues of this well-established, reputable business.
Support/training: seller will stay for a reasonable amount of time to help successfully transition the business to a new owner.
Reason for sale: retirement of owner
Year established: 1987
Employees: full-time owner/operator and 2 part-time helpers
Financing: seller may provide some financing for a well-qualified buyer with a substantial down payment.