Northern VA Bakery, Pastry Shop & Cafe

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Located Near New Amazon HQ2 Offices
Asking Price:
$725,000

Gross Revenue:
$2,041,263
Cash Flow:
 Not Disclosed
EBITDA:
$269,191
Inventory:
$6,000
included in asking price

FF&E:
$120,000
included in asking price

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Business Description

Profits up 200% in 2019! This bright and cheerful strip-mall located Pastry Shop and Café, is perfect for a quick bite and is a place where stay at home parents, commuters, and students might be coming and going. Families can enjoy Sunday brunch and order from the Belgian waffle and omelet menu. Or, parents can take a break while children hang out in the "kid's corner" with toys and supplies for artistic endeavors.

At its essence, this 30-year old community-centric business offers pastries, quality coffee, espresso, and cafe products at a competitive price to meet the demand of the middle- to higher-income local market area residents and tourists.

The business owner and his wife are retiring and are offering this business asset sale for $725,000, includes recipes; brand name; social media presence and new website, furniture, fixtures, leasehold improvements; and, 2 vans (one newly purchased delivery van).

• Consistent profitability, loyal customer base
• 16 FT employees plus and experienced General Manager in place
• Experienced, dedicated, high-performing staff in key roles
• Newly negotiated 7-year lease - below market rates
• Rolling out a new, upgraded website (videos, cake pictures) within a few weeks
• Great tasting food, strong local reputation and name recognition-
o 26 years in a row “best of designation” in local magazines
o Won numerous local cookoffs
o Extensive press coverage
o Favorable online review ratings
• Convenient location with ample parking
• Catering master agreements in place with 6 event venues

About the Business

Location:
Virginia
Year Established:
1988
Number of Employees:
16
Real Estate:
Leased
Building Sq. Ft.:
3,800
Rent:
$17,756.00 Per Month
Facilities:
3800 sq-ft, Café comfortably seats 30+ customers, large kitchen fully equipped
Market Outlook/
Competition:
An already thriving local economy is about to get better. Much better. The location of Amazon HQ2 is less than 5 miles to the shop and will produce significant growth in retail activity in the surrounding community. The pastry shop believes that it will directly benefit from new residents and related businesses driven by Amazon’s presence.
Unveiling plans for the first phase of construction of HQ2, Amazon says the campus will support local businesses and will create new public spaces for the area. Amazon expects to spend $2.5 billion dollars on the campus where 25,000 employees will work in the next 10 years.

There is not a closely located competitor that offers the breadth of pastries, cakes, and café items that this business offers. Within the same shopping center, there is a single in-store grocery bakery, and one donut shop. The next closest standalone bakery (one mile) specializes in whole grain breads and cookies. Panera is located five miles away but is located on the opposite side of the beltway and thus would not draw the same set of commuting customers.
Growth & Expansion:
Add table service to cafe, add liquor license, increase marketing to capture more corporate catering account. Increase marketing and advertising to capture wedding business.
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About the Sale

Reason For Selling:
Owner and wife are retiring
Training/Support:
Up to one year

Listing Info

ID:
1643911
Ad Detail Views:
0

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Business Listed by

Rebecca Dunn

Sugaer, LLC

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