Established over 23 years ago, the 1000 Sf store is…
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.
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