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Asking Price$298,000
RevenueUndisclosed Established2009
Cash FlowUndisclosed Employees2 full, 4 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Alameda's Famous 'Santoro's Italian Deli & Market' is FOR SALE! Only Open 3 or 4 hours a day $$$

RRC#:  4080  
Asking Price: $298,000
Location:  475 Santa Clara Ave, Alameda
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Monthly Rent: $2,325 (includes water) NO NNN
Expiration: 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 +/-1200 Sq Ft space only has a monthly rate of $2325 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 $1400  (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 Proprietorship
Year 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 Info
Payroll: Contact for Info

Facilities:
Square Feet: 1,200  
Seating: Counter Service, room for 18-24 Outside Sidewalk  
Parking: Easy Street
Days/Hours of Operation: Mon - Sat 11am until OUT OF BREAD
Facilities:Square Feet: 1,200 Seating: Counter Service, room for 18-24 Outside Sidewalk Parking: Easy Street
Training/Support:Yes
Sale Reason:Other Interests
Ad #134037
Seller Reference #4080
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
888-995-9701
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