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Quick Facts
Asking Price: | $60,000 | |
Annual Revenue: | $335,398 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $42,915 | |
Total Debt: | Not Disclosed | |
FF&E: | $150,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1997 | |
Employees: | 5 | |
BBN Listing #: | 387644107 | |
Broker Reference #: | 76931-838796 |
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Business Overview:
Over twenty-five years in business, what started as a hobby for a family quickly transpired into a local favorite and staple bakery in the community. The current location has been open for more than 25 years offering specialty cakes, cupcakes, cookies and baked goods as well as party and baking supplies. They have built the business with a dedicated team that provides high-quality products, custom-made products for their clients. The business occupies 4,250 square feet of commercial space with reasonable market rent at $3,900. This well-equipped bakery offers a great opportunity to take over an established family business and take it to the next level.
Sale includes, FF&E valued at approximately $150,000 and Leasehold Improvements valued at approximately $350,000.
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Property Features and Assets:
Monthly Rent:$3,900.00 Square Units (Foot, Meter): 4,250
Market Competition and Expansion:
25 year reputation for quality custom specialty cake for all occasions. Marketing efforts could be enhanced with the increased use of social media, paid search, organic search and SEO. Additional opportunity to create a stronger website and online presence to elevate this concept to the next level of growth. With a strong focus on local marketing and community involvement the opportunity exist for continued growth.
Reason for Selling:
Retirement
Additional Details:
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