Business For Sale

Retail Bakery

Not Disclosed, UT

Asking Price: Annual Revenue:
$850,000 $913,542

Retail: Non-classifiable

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RE: Retail Bakery Broker: Marvin Slovacek

Quick Facts

Asking Price: $850,000
Annual Revenue: $913,542
Net Profit: Not Disclosed
Cash Flow: $319,187
Total Debt: Not Disclosed
FF&E: $34,882
Real Estate: Not Disclosed
Year Established: 1973
Employees: 20
BBN Listing #: 67114955
Broker Reference #: 7401-14140

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Business Overview:

This retail bakery is one of the best known bakeries along the Wasatch Front. It has been family owned and operated for nearly 50 years; it is iconic in the city where it is located. Even after nearly 50 years of operation, growth over the last 2 years has exceeded 10% annually!

It operates 5 days per week with the majority of the business being walk-in business; however there are a number of consistent clients who have product delivered on a weekly basis.

The city where this business is located is one of the fastest growing cities in one of the fastest growing states in the country. Fresh goods are baked every day and typically sold out by mid-afternoon.

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Property Features and Assets:

The business is housed along the main street of an historic portion of the city. It has been in this same location for its entire existence. The building is owned by the business owners as well and is available to purchase. They occupy 3,600 square feet of space with the baking facility in the rear of the retail storefront. The business has parking immediately adjacent to the bakery as well as substantial on-street parking directly in front of the store. Assets= $38,882

Market Competition and Expansion:

Naturally, there are a variety of bakeries, of various sizes and types, which represent competition. However, the iconic nature of this business and the lengthy track record of serving the local clientele, set this bakery apart. It is consistently chosen as the outstanding bakery in the area. This business has been operated as a family business and has not sought out substantial growth opportunities; rather, being satisfied with the growth of business through word of mouth and the existing customer base. With the well-deserved reputation for outstanding food quality and friendly customer service, this business could be expanded substantially through broadening the products offered.

Reason for Selling:

The owners desire to retire.

Additional Details:

  • The property is leased.
  • 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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