Potential opportunity for EB-5 US Visa Investor
No baking experience required, business has a full kitchen staff and owner is not involved in the retail operation of this company. This is a highly profitable modern Bakery Café located in wonderful area of New Jersey and in an active city of Monmouth County, New Jersey. The business has a 2023 gross yearly income of $1,076,466 and a consistent net income of $approximately $264,000 with his add backs and discretionary income. The owner does not function in the kitchen, but functions only as management. The sale includes h35h-capacity excellent equipment with a modern attractive image. In addition to their retail sales, they have a very profitable wholesale division which maintains excellent profit and income. The owner is semi absentee as a corporate group have elected to retire after many years of success. This Bakery has provided delicious cakes, pastries, and bread to residents of New Jersey since 1971. They are a full-service bakery with a daily selection of freshly baked items and a self-serve café beverage center offering delicious fresh ground coffee & teas. They invite their customers to visit and see the dedication to quality and service that has made them famous. Whether you are looking for an elaborately decorated, one-of-a-kind wedding cake, special holiday treat or creative child's birthday cake, this retail Bakery has been satisfying customers in the same location for more than four decades! Additionally, they offer cappuccino, espresso and lattes and a selection of natural European jams & jellies. This is an unusual opportunity representing a wonderful business and a dependable income. Based on the asking price, required down payment and net income this business should supply a consistent return on investment to the owner operator prior to debt service.