Established European Style Retail/Wholesale Bakery

Business Overview:

Established European Style Retail & Wholesale Bakery with Annual Revenues of $3.2 million

RRC# 4506
Location: Monterey County

Description:
This authentic European retail & wholesale Bakery was established some 38 years ago. Such was their success the owners expanded into much larger additional premises and prospered by growing the Wholesale bakery market supplying fresh baked goods to well renowned restaurants, hotels, cafe's and deli's. After almost 4 decades the owner has decided to hang up his apron and retire while passing on the mantle of responsibility to a possibly younger, but no less passionate an owner. The business is made up of a 2,500 sq ft town center retail and café location and a large wholesale Bakery kitchen with a retail shop located in close proximity just a few miles away. Retail accounts for approximately $2 million in annual sales revenues and wholesale $1.2 million. 3 Vans deliver each morning to over 100 regular accounts. A Buyer can obtain 80% financing with an SBA loan and just 20% down ($315,000). Full Management is in Place with 48 employees, some who have been with the owner for a decade, delivery a quality product and make this business one of the premier Bakeries in Northern California.The equipment included with the sale is the 'Gold Standard' for large commercial bakeries some of which includes; walk-in fridge and walk-in freezer, three 60qt and one 30 qt Hobart mixers, a 90 qt bread mixer, proofers, baguette molders, 3 large Revent, Hobart and Winkler specialty baking ovens, 600 sheet pans and 450 Bread trays, display cabinets, computers, the list is endless and represents how a professional commercial Bakery business can be so successful.
A new owner will benefit with full training given in all aspects of running this business while also looking for new avenues of potential growth. Good Books and Records with Verifiable Financials showing growing revenues & consistent highly profitable earnings. Low Rent at 7% of sale revenues combined with a long lease makes for a very long term proposition.
This is a highly confidential listing and all Buyer inquiries will be screened by the Broker personally prior to disclosing the name & address or any detailed financials.
SBA lenders have fully approved this opportunity for an 80% 10-year loan. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and following discussions with the Broker, we'll send you the name and address of this business opportunity along with full financial information, leases & comprehensive list of equipment included with the sale.


For more information please visit: https://www.restaurantrealty.com/listings/4506/

Financial Information:
Monthly Revenue: $269,000
Monthly Cash Flow: $30,490
Annual Revenue: $3,227,993
Annual Cash Flow: $365,870
Annual Payroll: $1,326,076

General Info:
Ownership: Inc
Established: 1985
Current Owner: 1985
Employees: 48
Reason For Sale: Retirement
Monthly Rent: $20,000
Expiration: 2027 plus 5 year Lease Option

Facilities:
Square Feet: 8,500 2,500
Seating: 30
Parking: Parking Lot and Street
Licenses: Health, Business & ABC Type 41 Beer and Wine licenses
Days/Hours of Operation: 6.30am - 3.30pm Daily

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Property Features and Assets:

Square Feet: 8,500 2,500 Seating: 30 Parking: Parking Lot and Street

Reason for Selling:

Other Interests.

Additional Details:

Documents:

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