Newly Remodeled Bakery Restaurant

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Asking Price:
$99,500

Gross Revenue:
$548,269
Cash Flow:
$13,733
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,500
included in asking price

FF&E:
$140,615
included in asking price

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Business Description

Unique opportunity to own a bakery restaurant serving a variety of breakfast items including a full line of hot and cold sandwiches, soups, salads, coffees, goodies and breads. The facility was remodeled late in 2017 which almost doubled the square footage allowing for additional equipment to expand the offering to include hot sandwiches, espressos and a conventional oven for hard crusted bread. Now profitable after only a couple of years of ownership, the systems and assets are in place to accommodate growth. Rent is currently $4,500 per month and the facility has seating for 45 inside and 30 outside. Staffing requirements are about 12 part-time employees with the holidays requiring a few more. This business can be owned as a Franchise with Great Harvest Bread Company or with your own name and recipes in a clean, modern and highly visible facility.

About the Business

Location:
Farmington, New Mexico
Year Established:
2011
Number of Employees:
12
Real Estate:
Leased
Building Sq. Ft.:
3,400
Rent:
$4,500.00 Per Month
Lease Expiration:
10/31/2021
Facilities:
Rent is currently $4,500 per month and the business is responsible for everything inside the doors. The landlord is responsible for everything exterior including heating and cooling units. There are 45+ seats inside and about 30 more seats outside. Recent remodel was over $400,000.
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About the Sale

Reason For Selling:
Family, other interest
Training/Support:
Yes

Listing Info

ID:
1618988
Ad Detail Views:
455

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$
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Business Listed by

Charlie Cole

Cole & Company, Inc.
License# ER.100000425

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