Seller's Contact Information
- RE: Fast Growing Cakery
- Contact: Moon Kim
- License #: 567204
Quick Facts
| Asking Price: | $89,000 | |
| Annual Revenue: | $202,884 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $37,126 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 15,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2008 | |
| Employees: | 4 | |
| BBN Listing #: | 91019188 | |
| Broker Reference #: | 001094 |
Business Overview:
13-Year established custom cake shop is now available for acquisition. This business specializes in wedding cakes & a variety of custom cakes ranging from graduation cakes, birthday cakes, seasonal/holiday cakes, cupcakes, cake pops/cookie cakes, etc. This business was established by the original owner in 2008 and was acquired by the current owner from the original owner in 2019. Overall demographics of this cakery are a well mix of upper-middle class families and wedding customers in various ethnicity. This business has built a strong customer base since its inception in 2008, consisting of many solid repeat customers for event cakes. The gross sales of this cakery have been consistently growing at around $210,000 per year and are continuing to grow even under the pandemic. This is a great opportunity to acquire a well-established custom cake shop for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.
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Property Features and Assets:
The business occupies a 1,900 Square Feet end-cap space of a retail strip center surrounded by densely populated residential neighborhoods. The area where this business is located is anchored by many retail businesses, restaurants, nationwide franchise fitness, etc., which generates high traffic. The facility was renovated in 2019, and all major kitchen equipment has been well maintained and is in good working order. / Inventory: $7,500 (Included in listed price).
Market Competition and Expansion:
Competition: Although there are several competitors in the immediate market area, this business has accumulated a large customer base through high-quality products and personalized service and continues to grow. Growth and Expansion: The marketing of this business has been much more improved under the current ownership than when the previous owner operated it. The business website was newly built, adding an online store that customers can purchase cakes directly on the online menu. In addition, other online marketing is in place through Google Adware, wedding wire (online registry), social media outlets, etc. Currently, no online delivery platform, such as Uber Eats, DoorDash, Grubhub, is set. By initiating 3rd party delivery service can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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