Retail and wholesale bakery in Pasadena.
Business Description
Outstanding location, full exposure, with lots of cars and foot traffic. Surrounded by a mix of residential, commercial and retail stores. This bright, welcoming business has been established 41 years, 2 years with current owner. It consists of 2 units totaling 1, 587 SF, rent is $3,000/Mo with a first right of refusal. Annual gross sales are $655,000 and the annual net income is $ 272,000 as per seller statement. It was closed for one year and current owner has upgraded almost everything; New front signage, replacing old plumbing, walls, ceiling, electric wiring, equipment, adding a third restroom for handicap. Has a full kitchen with a walk-in cooler, walk-in freezer, Deck oven, Baxter rotating rack oven, commercial exhaust hood system, double glass door refrigerator, display refrigerator case, water heater(wall mounted), water filter,2 dough sheeted/ roller machine, warmer, 2-door under counter refrigerator, wooden and stainless steel prep tables, many sinks compartments, baking trays shelves, pans, dough trays, storage, monitor (camera feed), POS system(touchscreen + register),2 front counters, coffee machine, 7 dining tables, 16 chairs, 4 umbrellas, 5 TV’s and more ( a list on file). Serves large and mini Lahmajoune, manakish zaatar, ham and cheese, boregs (cheese, spinach, saroukh), mini pizzas (all kinds) , hummos, baba ghanouj, drinks and more. All made fresh daily with quality and consistency. This new owner has opened for business only one year and already realized high gross and net profits. Business is doing retail, catering and wholesale for major supermarkets (4 of them already). There is still a great room to expand sales by putting together a good marketing plan, adding more items to the menu; cakes, pastries, pies, tarts, cookies etc. This is a turn-key business that is growing by the day. All equipment, furniture, fixtures and business name are included in the sale. New buyer can benefit from the location, good reputation and somewhat built-in clientele to grow tis establishment to its full potential. Owner is managing another business, and now since his son/ partner is moving out of state, he cannot run this establishment by himself. He is motivated and will train.
Listing agent does not guarantee the accuracy of the income, expenses information or other information concerning the business provided by seller, or obtained from public records, or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals
Listing agent does not guarantee the accuracy of the income, expenses information or other information concerning the business provided by seller, or obtained from public records, or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals
About the Business
- Years in Operation
- 41
- Employees
- 5 (3 Full-time, 2 Part-time)
- Facilities & Assets
- This venue is 1,587 sf. Owner has upgraded and remodeled almost everything. Putting a new front signage, replacing old plumbing, parts of walls, some ceiling sections, electric wiring, equipment, adding a third restroom for handicap. Has a fully equipped kitchen to run a retail and wholesale business . All equipment, furniture , fixtures and business name are included in the sale. Has 5 years lease ( new buyer can negotiate his own) and ample parking spaces.
- Market Outlook / Competition
- Business is in a prime corner location on a major Blvd with lots of cars and foot traffic. It is the only one in town with a size and capacity to supply the retail, catering and wholesale in one place.
- Opportunities for Growth
- Current owner has owned this business one year. It has a great room to expand sales by adding more items to the menu; cakes, pastries, pies, tarts, cookies etc., putting together a professional marketing plan geared toward the large supermarkets, food distribution centers and the well known franchises to have the bakery products on their shelves.
About the Sale
- Seller Motivation
- Owner is managing another business, and now since his son /partner is moving out
- Transition Support
- Seller will provide buyer with all recipes training him to prepare the food items and show him the way he is managing the business.
Listing Info
- ID
- 2493290
- Listing Views
Listing ID: 2493290 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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