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Listed by:

BTI Group

Broker license number: 01160661

Specialty Retail Business With Municipal Contracts For Sale

San Mateo County, California - North
Asking Price:
$795,000 (USD) Inventory / Stock included
Sales Revenue:
$1,705,630 (USD)
Cash Flow:
$254,076 (USD)

This Bay Area business has both a retail location in a major shopping center and does with a number of Bay Area cities and businesses. It’s a woman owned business and this has facilitated getting its getting business with San Francisco and other Bay Area cities. Inventory of $210,000 is included in the sale. A new five year lease with a five year option started October 1st. The seller has had the business since 1992 and is ready to retire. Sales have been increasing, but there are still a lot of expansion opportunities available to someone who wanted to scale the business. SBA financing approved at $595,000 with $200,000 down. The seller would be willing to stay with the business for up to one year to help with the transition.

Property information

Real Estate:

Lease

Lease Terms:

A new five year lease with a five year option started October 1, 2018.

Leasehold Rent:

$144,788 (USD) per annum

Location:

Prime location in a major shopping center. Easy freeway access. Plenty of parking.

Premises Details:

The premises has 2,175 sq. ft. including an office and storage areas.

Size in square feet:
2,175

Business Operation

Expansion Potential:

Business can be easily replicated in other Northern California cities.

Reasons for selling:

Retirement

Trading hours:

Mon - Sat 10:00 to 6:00; Sun 11:00 to 5:00

Employees:
4
Years established:
26

Other Information

Support & training:

Three weeks at 25 hours a week. Seller can stay for up to one year with a buyer.

Financing available:

Business has been approved for SBA financing by two banks..

Inventory / Stock value:
$210,000 (USD) - included in the asking price

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