Commercial Bakery 1.0 Million per year in sales +

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Over 20 years in business-Great Bakery over 1.0 million annual sales.
Asking Price:
$169,950

Gross Revenue:
$1,000,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

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Business Description

Facility is located on a 9,206 square foot lot as reported with the County, with a building size of 4,109 square feet, built in 1965. Current lease will need to be renewed with new operator. Current rent Modified gross is reported at $3,200 per month, which is a remarkable rate of approximately .78 per square foot. Any business sale transaction must be contingent upon our representation of buyer obtaining a new competitive lease for a minimum period of 5 years with a 5 year option.

The business has two operating entities, one for wholesale and one for resale. For purposes of this listing, we will be using consolidated numbers. All numbers have been provided by the seller and deemed accurate but not verified or audited.
Bakery establish 1996 and has been providing high quality cakes and pastry to fine restaurants, hotels, and catering companies for over 20 years. High volume production of cakes, tarts, tortes, fancy cookies, brownies and pies. Specialty items and breads are also prepared on site. Retail counter serves breakfast and lunches too. Wedding Cakes, Special Birthday Cakes, and Custom Cakes for all occasions are a specialty. Bakery delivers to clients as far south as San Diego and as far north to San Francisco as stated by ownership and the company web site. Ownership is not hands on in the production of product. The bakery name, equipment, ongoing business goodwill, and delivery vehicles are all included . Year over year gross revenues are consistent. 2017 and 2018 were both consistent with annual sales in excess of 1.0 million. 2019 first quarter are tracking slightly higher than the prior year.
Equipment valuation to be determined along with the two delivery vehicles included within the purchase price.
Sellers are anxious to divest as their primary company and business interests are not related to this industry class.

About the Business

Year Established:
1996
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
4,100
Rent:
$3,200.00 Per Month
Facilities:
Approx 4100 square feet of production space with small retail counter and restaurant in front of production.
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About the Sale

Reason For Selling:
Divesting as this is not the sellers primary focus or industry.
Training/Support:
as needed
Seller Financing:
needs new lease

Listing Info

ID:
1625791
Ad Detail Views:
0

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Business Listed by

C21 Everest Business & Commercial Randall Barondess

Troop Business Services
License# 01994886

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