Long established 22-years business, well known in the area, doing high numbers
historically and recent increases because of new condo development in the area. Seller claims
currently store is doing annual gross sales $852,000 with Net Profit of $234,000.00 as owner
operator. Currently store has shorter hours 11 am – 10 pm and Not selling Lotto, new owner can
extend hours and offer lotto which will increase sales with even more profits. In addition, the price
is justified for the fact that the City of Oakland has approved renovation funds for interior and
exterior of the store, documents available. Furthermore, the store is in “Green” zone to sell
cannabis products as added product line. New condo development Brooklyn Basin with a total
3,100 unites going up nearby. Seller is moving out of state for daughter’s college.
This is a rare opportunity for a profitable store first time in the market.