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.
- OrganizationSole Proprietorship
- Current Owner2008
- Reason For SaleOther Interests
- SeatingCounter Service, room for 18-24 Outside Sidewalk
- Square Feet1,200
- ParkingEasy Street
- LicensesABC type 20, Health and Business permits
- Open HoursMon - Sat 11am until OUT OF BREAD
- Rent$2,325 (includes water) NO NNN
- ExpirationSept 2027
- Yearly Increase$400 monthly increase starting Nov 2024
- DepositAsk Agent
- Monthly RevenueContact for Info
- Monthly Cash FlowContact for Info
- Annual RevenueContact for Info
- Annual Cash FlowContact for Info
- PayrollContact for Info
- Down PaymentContact For Info
- Note BalanceContact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.