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Candy & Gelato Shop

  • Status: Available
  • Price: $99,000

Jeffrey Shenk

License No:
DRE #02012258
Email:
jeff@lbaweb.com
Office:
925-361-5429
Mobile:
925-932-2450
  • Listing No: 3876
  • Status: Available
  • Area: Contra Costa
  • Price: $99,000

Description

Candy & Gelato Shop in the Heart of Affluent Downtown

Asset Sale

This is your chance to own a candy & gelato shop located in arguably the very best location of this affluent Tri-Valley town. This is an amazing opportunity for an imaginative and sharp-minded owner to take this business to the next level – either keep it as is with a few tweaks to increase sales and profitability or convert it into your dream project. With its proximity to the local high school, restaurants, and other surrounding businesses, it is in the epicenter of a very vibrant downtown scene. 

This 1,634 sq ft shop with a brand new facade and a warm and inviting interior enjoys great visibility from the road and high foot traffic. Recent construction and Covid have depressed sales and foot traffic in 2020-2021, but both are increasing again back to pre-Covid levels.

Sellers claim revenue in 2019 of $406K. In 2020 during Covid, revenue was $230K while owners moved a significant portion of sales online. There is a two-year extension remaining on the lease; a new lease or extension can be negotiated with the landlord.

This is an asset sale.  Sellers are asking $99,000 plus inventory which averages around $25-30K. Sellers are looking to spend more time with family and other projects.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Candy & Gelato Shop
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3876
Date Available: 07/06/2021
Reason For Sale: Focusing on family and other projects

Financial Information

Annual Total:
406,741
Revenue:
406,741
Annual Net Income:
Inventory:
Monthly Payroll:
7,000

Lease Information

Base Rent:
9,500/m
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

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