Award-Winning Bakery and Coffee Shop in Richmond

Not Disclosed, VA

Richmond, Virginia

Asking Price: Annual Revenue:
$229,000 $650,000

Food & Beverage: Coffee, Cafe, Dessert

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RE: Award-Winning Bakery and Coffee Shop in Richmond Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $229,000
Annual Revenue: $650,000
Net Profit: $100,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 533748609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer an award-winning bakery and coffee shop for sale in Richmond, Virginia. The bakery offers scratch-baked pastries, breads, local coffee, and gourmet sandwiches. It has a strong social media presence and a loyal following in the community. Profits actually increased during the pandemic.

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Property Features and Assets:

Location is leased. Rent is roughly $3,500 per month.

Market Competition and Expansion:

The Bakery Cafes industry has been one of the best performing industries of the broader food service sector over the five years to 2020. With both disposable income and consumer confidence on the rise for most of the period, bakery cafes have surged ahead, capitalizing on these shifting consumer preferences. Individuals crave the convenience of fast-food restaurants, but do not want to compromise on taste. Industry establishments focus on providing high-quality food with health-conscious options while still maintaining fast paced service. As a result, industry revenue has grown an annualized 1.9% to $11.1 billion over the five years to 2020.

Reason for Selling:

Owner wishes to pursue other interests.

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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