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Asset Sale, Santa Rosa Location, Ready For New Concept For Sale

Santa Rosa, California, US
Asking Price:
$49,000
Sales Revenue:
$779,000
Cash Flow:
Available on request

Year Established: 15 years

Under Current Owner: 15 years

Organization Type: N/A

Services/Products: Retail sales, food, non-production, no hood

FFE: 8×8 walk-in freezer, 2 door freezer, 2 and 3 door under-counter refrigerator, 3 compartment sink, grease trap, mop sink, plus more

Client Composition: 100% Retail

Lease: 2259 SF, month to month, assignable, base rent $4,421, security $2,500

Personnel: Buyer to provide; 10.95% of population works in food retail

Financial Demographics: 2010 newest data, Median income $75,967, 24.65 have income over $100,000, and 31.5 have bachelor’s or higher

Housing: 66,202 units, 52.6 owned, median price $699,000, with 431 building permits, median gross rents $1,971/mo. (2018)

2,259-square-foot retail food location with infrastructure, flooring, and ample space in prime downtown location with new residential and retail construction that will likely bring in new business in the near future.

Great footprint for coffee, tea, bubble tea, cookies, or other food-related retail product lines.

Bring a new concept or expand brand presence of an existing business.

AS-IS Asset sale only, cash; no terms available. Only buyers with plans ready to execute and verifiable funds will be considered. landlord is cooperative and prepared for next steps.

Real Estate Available: No
Real Estate Included: No

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No

Business Operation

Reasons for selling:

Relocation

Employees:
Full Time: 8