Carroll's Bakery-PRICE REDUCED

Spencer, IA
Clay County

Spencer Iowa


Asking Price: Annual Revenue:
$335,000 $292,000

Food & Beverage: Coffee, Cafe, Dessert


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RE: Carroll's Bakery-PRICE REDUCED Broker: Al Lorenzen

Quick Facts

Asking Price: $335,000
Annual Revenue: $292,000
Net Profit: Not Disclosed
Cash Flow: $160,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $210,000
Year Established: 1928
Employees: 2
BBN Listing #: 528553881
Broker Reference #: 8635RH

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Business Overview:

This iconic business has been located in downtown Spencer, Iowa since 1928!

Carroll’s Bakery is the place in NW Iowa where people go to find a wide variety of pastries, cakes, pies and breads. The goodies here are not your traditional cake donut that can be found in any gas station. With tried-and-true recipes handed down from generations before, the current owners create baked fresh daily offerings that draw in customers.

All assets are included in the sale. Fully equipped commercial bakery kitchen, display counters, tables and chairs, delivery van and real estate with two rented apartments.

Now is the time to find the next owners of Carroll’s Bakery. You can bring your own creative baking ideas, and blend them with the traditional recipes to continue operating a very profitable bakery.

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:

Located at 416 Grand Avenue in Spencer, Iowa, the business is in the heart of the downtown business district. The brick building was built in 1931 and shares common walls with neighboring buildings. There are two apartments upstairs that are rented out and create enough cash flow to pay a new mortgage on the property. The building also has a full basement that qualifies as a fallout shelter.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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