GRIMES, Iowa
| Asking Price |
$2,900,000 |
Year Established |
2015 |
|
| Annual Revenue |
$9,134,230 |
Reason for Selling |
Family |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$736,453 |
Listing Number |
991465 |
|
| # of Employees |
132 |
Business Category |
Food & Beverage: Production - Bakery, Farms, Winery |
|
Business Overview:
The business employs 132 dedicated staff members across both locations. This team includes a Director of Operations who ensures consistency across all aspects of the business; Shift Leads responsible for managing teams during peak hours; Line Cooks, Cashiers, Bakery Associates, and food service staff. The two locations are strategically situated within the Des Moines area, these offerings include dine-in options for those who wish to enjoy their meals on-site, takeout for customers in a hurry, drive-through for added convenience, baked goods for sale both on-site and online, and events catering for various occasions with event space in house. Priced at $2,900,000, a 10% down payment of $290,000 returns $283,190 in the first year after debt payments! Growth opportunities include incorporating additional locations into its portfolio or franchising its successful brand throughout other markets in Iowa or beyond.
Property Features and Assets:
<p>Assets Included in Purchase: $958,628<br></p>
Market Competition and Expansion:
<p>Growth Opportunities: Add a liquor license<br></p>
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