Candy & Gelato Shop

Candy & Gelato Shop

Available

$139,000.00

  • Candyshop2
  • Candyshop3
  • Candyshop4
  • Candyshop3
  • CandyshopMain

Listing Number :

 3801

Status :

Expired

Price :

$139000

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Description

For Sale: Candy, gelato, & novelty shop in busy downtown area with plenty of foot traffic in very affluent East Bay city. With a beautiful and inviting storefront, this store is currently run by an absentee owner looking to retire. This is a great opportunity for an experienced owner operator or a husband/wife team to get more involved and reinvigorate the business.

This store is a completely turn-key opportunity with great earning potential for someone able to expand the offerings and execute a marketing & promotion strategy. Currently nothing is being done to promote the business.

All inventory (approx. value $55,000) included in the sale price as well as all fixtures and equipment.

Seller claims 2018 gross revenue of $419,K and gross profit of $268,K. Rent is $10,100 per month; current lease expires in May 2023 and landlord is willing to discuss a long-term extension for a new owner.  Adjusted net income for an active owner that cleaned up a few specific operational inefficiencies (with little effort) could be $50-60,K without any increase in sales. Adding new, high-margin offerings such as gourmet chocolates and/or coffee & tea drinks could easily push revenue and owner income higher.  This is an absentee run business with $94,160 payroll a year.

#3801

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Candy Store- Retail
License(s) Required: Business, Heath
Hours of Operation: 11 am-9 pm / 7 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3801
Date Available: 10/6/2019
Reason For Sale: Other Interests.
Annual Total Revenue: 419000
Annual Net Income: 60000
Inventory: 55000
Monthly Payroll:
Lease Information
Base Rent: 10000
Lease Expires: 2023
Lease Option:
NNN:
 
Financing Information
Down Payment: 139000
Owner Will Carry:
Other Finance Terms:

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