Owner Financing is Available!
Business Overview:
Located on the idyllic and historic Green Bank Farm this regionally known wholesale bakery, cafe and catering company is a well established (25 years) and profitable business. The bakery specializes in locally grown fruit pies and pastries. It has many large regional accounts and produces about 1,000 pies per week. The bakery is set up to bake other products and could easily expand its product line to other bakery products. The new owner could expand this market to the greater Puget Sound area. Many retailers have asked the seller to expand. To increase revenues and expand the distribution of the pies the new owner could add his own distribution and delivery service. The bakery is housed in a separate building across from the cafe. The cafe was opened in 2001 and it seats about 55 inside and about 40 outside. It is open for lunch only and the new owner could easily open it for dinner. The catering business was opened in 2011 and has been a tremendous success with doing weddings, events and special occasions. The new owner could easily increase this side of the business since the Seller has done very little promotion other than the website. It does about 50% Wholesale, 40% cafe and 10% catering. The wholesale does about 1,000 pies per week and has many large regional accounts. The cafe is a very popular local and tourist destination. Seller just started the catering in 2011 for weddings, events and special occasions. With some simple marketing and promotion this part of the business could become a major profitable component of the business. The business has no competition for 10 miles. The seller is currently not working the business on a day to day basis and wants to retire. This business is a great stable company with increasing revenues and profits. The business is totally turn key for the serious buyer. Seller terms with 50% down, 3 year term at 6% interest.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The Lease for the cafe, approximately 1,000 square feet, with seating for 95, has a base rent of $640 per month and no additional charges. The Lease expires on May 31, 2014 with an option to extend the term. The baking facility, in a separate building on the farm, has about 1,200 square feet and is totally set up for the baking business. The base rent is $780 with no additional charges. The Lease expires on March 31, 2015 and has an option to extend the term.
Market Competition and Expansion:
There is no competition for this business for at least 10 miles and this business is so well known that it has become a destination place for locals as well as tourists visiting the Green Bank Farm. The wholesale pie baking business is unequaled by any other competitor due to its niche market, dominance on the Island, and long standing reputation. There are several areas the new buyer could expand right away. The cafe business could definitely be opened for dinner offering locally grown products and fare. This would be attractive to the locals as well as the tourists. The wholesale bakery side could be expanded to the greater puget sound region and large regional grocery and specialty food chains. And a new line of baking products could be added to the existing line. The catering business was opened in 2011 and is booming, it only needs some promotion, beyond the company’s website and marketing to take off and be a real money maker
Reason for Selling:
Seller is retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.