Hiland Bakery-SALE PENDING

Des Moines, IA
Polk County

Des Moines Metro


Asking Price: Annual Revenue:
$120,000 $250,000

Food & Beverage: Production - Bakery, Farms, Winery


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RE: Hiland Bakery-SALE PENDING Broker: Al Lorenzen

Quick Facts

Asking Price: $120,000
Annual Revenue: $250,000
Net Profit: Not Disclosed
Cash Flow: $35,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $80,000
Year Established: 1946
Employees: 5
BBN Listing #: 86053881
Broker Reference #: 9201DH

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Business Overview:

Hiland Bakery located at 3615 6th Avenue is considered by many as a Des Moines landmark in regards to the “bakery you need to go to”

Established in 1946 by Gus and Martha Martenson, the Martenson family has remained throughout the years with sons Brian and Gary running the operation through 2019. This operation is located in the Highland Park area on 6th avenue across the street from Chuck’s Italian restaurant and next to Highland Park Hardware both long time standards in the area.

The sale of this business includes all equipment, recipes, the name and the fantastic tradition and goodwill that go along with Hiland Bakery. Also included and crucial is the training by the Martinson family during transition.

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Property Features and Assets:

The property is currently being utilized at approximately 60% with 40% available for a sitting area or any other opportunity that the new owner can utilize to their liking.

Market Competition and Expansion:

The hours of the bakery are presently Tuesday through Friday, 5AM to noon. The bakery is also closed for 2 weeks twice a year. This means they are closed approximately 6 months of the year. Expansion of hours and days open coupled with utilizing the unused 40% space could really bolster the revenue of the operation.

Reason for Selling:

Retirement

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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