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Business For Sale
LANDMARK ITALIAN RETAIL/WHOLESALE BAKERY
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Asking Price: |
$55,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Producers, Bakery, Farms
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Reason for Selling:
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Retirement |
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Year Established:
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1902 |
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# of Employees:
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12 when operating |
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Yearly Revenues:
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$375,000 |
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Yearly Cash Flow:
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$70,000 |
Business for Sale Overview:
This bakery has operated very successfully in this town for over 100 years, having passed from father to son during all of that time. The current owner of the business did not have a family member who wished to operate it, and decided to retire and close the business a year ago, although it was operating very profitably at that time. The financial results indicated herein reflect the last full year of operation, The business closed while enjoying a great reputation, and a new owner can gain immeasurably from its past history. This business is ready to go at a bargain price!
Property Features and Assets:
The business is in a 6100 sq.ft. building, and it contains all of the necessary equipment to produce bread, cookies and cakes for the retail and wholesale market, including a bulk flour system, processing equipment, packaging, and a pizza shell line. The owner is also offering to sell the building at a GREAT price to the buyer of the business, in a separate transaction.
Market Competition and Expansion:
There is no competition in the area for their widely known Italian bread and rolls. An aggressive entrepreneur can capture many of the past customers due to the great reputation of this business, and build on that base. They also have done a sizeable business with schools and organizations with hoagies and subs.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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