Garden supply retailer

$400,000

Oakland GREEN ZONE

Asking Price: $400,000
Type of Business: Garden supply retailer
Location: Oakland GREEN ZONE
Hours of Operation: 10am – 6 pm 7 days
Gross Sales: $ 794,000/ 2017
Adjusted Net Profit: $52,000/ 2017
Total Rent: $10,500
NNN: $Included
Length of Lease: 1yr
Options: 5yrs
Sq. Ft. 7,689
Occupancy:
Number of Employees:
Full time: 3      Part time:
Payroll: $ 8,000
Insurance: $ 910
Gas: $
Electric: $ Utilities 1,000/month average combined
Water: $
Phone: $
Trash: $
Internet and TV: 181 including phone
Cost of goods:
Business description.

This is a rare opportunity with multiple permissible uses in Oakland’s “Green Zone”. Currently operated as a garden supply retail business, year over year revenue growth has exceeded 75% per year. Offering a wide range of products for the average gardener, the store has built an exceptional reputation for being a fair and helpful retailer and fixture in the community. This location is the highest rated garden supply store in California online, and winner of “Best of the Bay” in 2015. Over 7,600 square feet of prime industrial space leased at below market value would be easily converted for more Cannabis Specific uses. The location also falls within minutes of Harborside Health Center, the largest Cannabis Dispensary in the United States. The GREEN ZONE designation allows for cultivation, processing, transportation, distribution, or retail sales. Applicants can receive up to two permits per location. The landlord is supportive of these uses per the qualification of a new lessee; the lease has approximately 6 years remaining at well below market value. Comparable rents are about $3 per square foot vs. current rate of $1.40.

 

Call for more details.
(714) 366-5498