Retail Bakery - Spencer, IA - Seller Motivated

Spencer, IA
Clay County

Asking Price: Annual Revenue:
$385,000 $276,053

Food & Beverage: Production - Bakery, Farms, Winery

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RE: Retail Bakery - Spencer, IA - Seller Motivated Broker: Al Lorenzen

Quick Facts

Asking Price: $385,000
Annual Revenue: $276,053
Net Profit: $43,980
Cash Flow: $182,362
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: $135,000
Year Established: 1928
Employees: 2
BBN Listing #: 860453881
Broker Reference #: 8635RH

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Business Overview:

If baking is your passion, consider owning Carroll’s Bakery, located in Spencer, Iowa.

This business has been voted the #8 Sweetest Bakery in the U.S. They have also received the number one rating on Google for The Best Bakery in America.

There has been a bakery in this location in Spencer since 1928 and the current owners are planning their retirement.

It takes planning and the right ingredients to make a great cake, pie or any other dessert. The same principle applies in selling a bakery to the right buyer. The current owners are looking for an honest, hardworking, motivated individual that will take pride in the long history of baking specialty items for the community. With the training received from the current owners, a new individual can step into a successful business with less cost and worries than if trying to start a new company.

Do you have what it takes to continue the Carroll’s Bakery tradition?

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The sale of this business includes all equipment, recipes, the name, website, a delivery van and the real estate. There is an extensive collection of recipes with directions to maintain the look, smell and taste of Carroll’s pastries. The real estate includes two apartments on the second floor that are continually rented. The owners/sellers have created a record keeping system for weekdays, holidays and weekends. This helps them maintain prepared inventory and minimize waste.

Market Competition and Expansion:

Market Opportunities • Add deli sandwiches. • Provide catering service. • Develop wholesale accounts. • Premade foods for pick up to be cooked at home. • Add additional location at the Okoboji lake area. • Capitalize on the fresh made foods trend with less preservatives. • Increase store hours.

Reason for Selling:


Additional Details:

  • The property is owned.
  • 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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