A money making local gem, one of the finest bakeries in the Andover's

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This is an established and profitable Cafe / Bakery with a great reputation
Asking Price:
$375,000

Gross Revenue:
$1,000,000
Cash Flow:
$130,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$12,000
included in asking price

FF&E:
$75,000
included in asking price

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Business Description

This Café serves breakfast, lunch & a wide variety of house made baked goodies and provides catering services to the local businesses in the area.
This is a highly profitable business that has great potential for growth and a perfect opportunity for an owner operator to maximize profitability. The business is completely turn key with over $90,000.00 in restaurant equipment and inventory.
The Café has a below market lease, a fully trained staff of long-term employees and the owner is willing to work with the buyer to provide a very smooth transition of ownership without any interruption to the daily business.

About the Business

Year Established:
2010
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
2,200
Lease Rate/Sq. Ft./Yr.:
$14.00
Lease Expiration:
10/31/2023
Facilities:
The Café is 2200+/- sq' with additional storage in the basement. It has excellent street visibility with great curb appeal. Its open seven days a week with busy morning & lunch crowds. The rent is at an unbelievable rate of $2500 a month including CAM, taxes, insurance & HVAC maintenance & replacement.
Market Outlook/
Competition:
The Café is located on a busy street amongst small companies and many offices which provides a steady flow of walk-in customers as well as a loyal base of office workers in the same building.
The owners have strong long term-term relationships with their corporate clients.
Growth & Expansion:
New owners could offer delivery service and catering to local businesses. An increase in marketing dollars spent would support this growth.
New owners could also add new locations in nearby towns that have similar demographics where many customers know the brand.
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About the Sale

Reason For Selling:
seller has other business interests
Training/Support:
The owner is willing to work with the buyer to provide a very smooth transition of ownership without any interruption to the daily business.
The owner will also turn over all recipes and all files needed for day to day operations and will share all operational systems used daily.

Listing Info

ID:
1542192
Ad Detail Views:
787

Attached Files Attachment Disclaimer

  Confidentiality Agreement.doc (28 KB)
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Business Listed by

Vincent Cicerchia

Commonwealth Restaurant Brokers LLC

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