70 Year Old Rare Bakery for Sale in CT-33003

Not Disclosed, CT
Fairfield County


Asking Price: Annual Revenue:
$299,000 $300,000

Food & Beverage: Production - Bakery, Farms, Winery


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RE: 70 Year Old Rare Bakery for Sale in CT-33003 Broker: Melvin L. Vaz
Owner Financing is Available!
$199,000.00 Down & $100,000 over 3 years @ 6%

Quick Facts

Asking Price: $299,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1950
Employees: 4
BBN Listing #: 83204447
Broker Reference #: 33003

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Business Overview:

Rare Bakery - Established 70 Years. This is a community landmark. They specialize in all your favorite, cakes, cookies, pastries, and more. Even better, the owner is not a baker and runs the business on a very part-time basis. He basically comes in to handle some bookkeeping and making deposits, approximately 20 min/day. The business is fully staffed and you DO NOT NEED BAKING EXPERIENCE to purchase or operate the business as it is fully staffed with highly skilled employees (2 Full Time and 2 Part Time). The business is located in a great shopping center with good parking. There are 10 years remaining on the current lease with a rent of $4,266/month. In the past year the business grossed approximately $300,000.00 with an owner's cash flow of approximately $100,000.00. An owner-operator or baker could run the business even more efficiently. We are seeking a serious and financially qualified buyer with at least $200,000 in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only.

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Reason for Selling:

Divesting

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.

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