Bakery,Breakfast Cafe,Coffee Shop,Apartment Rental
Not Disclosed, MN Koochiching County
Seller's Contact Information
- RE: Bakery,Breakfast Cafe,Coffee Shop,Apartment Rental
- Contact: Pat Steffl
Quick Facts
| Asking Price: | $380,000 | |
| Annual Revenue: | $494,404 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $117,366 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | $260 | |
| Year Established: | 2012 | |
| Employees: | 14 | |
| BBN Listing #: | 23044955 | |
| Broker Reference #: | 5101-15839 |
Business Overview:
PROFITABLE and ESTABLISHED, TWO BUSINESSES UNDER 1 ROOF opportunity. The businesses are a well-established bakery, that serves breakfast and coffee with 2nd floor apartment rentals. The majority of revenue comes from the bakery. The business also delivers wholesale bakery items to 10 businesses in the region every week. There is a PASSIVE INCOME STREAM from the rental of 6 apartments on the 2nd floor. The bakery owner owns the building. This is a great owner-operator opportunity in a rural small town setting.
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Property Features and Assets:
Older building but renovated and is well-maintained. It is located in town on a major city road with good traffic. There is seating for 75 customers, traditional bakery glass pastry counter and a full kitchen equipped with modern appliances for baking and food prep needs. There are 5 apartments on the 2nd floor and there is currently ZERO VACANCY.
Market Competition and Expansion:
There is no competition in town and the business has regularly scheduled deliveries to other communities in the region each week. New owner could increase hours of operations, add lunch and dinner as well as increase marketing and advertising.
Reason for Selling:
Pursue a different opportunity.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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