UNDER CONTRACT-Turnkey Multi-Location Retail Bakery in Albuquerque

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Turnkey Multi-Location Retail Bakery in ABQ
Asking Price:
$575,000

Gross Revenue:
$1,001,240
Cash Flow:
$164,900
EBITDA:
$89,000
Inventory:
$5,000
included in asking price

FF&E:
$119,900
included in asking price

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Business Description

Creativity and quality have made this specialty retail bakery into an Albuquerque icon. Sales have consistently gone up each year, customers are loyal, and the local and national media sing its praises. The bakery has been recognized with multiple awards and reader polls “Best of” honors.

Work part or full time in this business. Strong procedures, processes, and proven products are in place. The current owner spends between 20 to 25 hours per week in the business, leaving it to the general and assistant managers to handle most of the day-to-day activities.

About the Business

Year Established:
2012
Number of Employees:
13 FT, 12 PT
Real Estate:
Leased
Building Sq. Ft.:
4,107
Lease Rate/Sq. Ft./Mo.:
$1.40
Lease Expiration:
5/31/2021
Facilities:
Two convenient shopping center locations in high-density areas. Both have fully equipped commercial kitchens.
Market Outlook/
Competition:
This business has experienced steady year-over-year growth. Quality ingredients, vegan and gluten-free options, and a creative and consistently refreshed menu constantly changing menu distinguish it from the fast food chains.
Growth & Expansion:
The Seller has identified several strong opportunities to grow this business. Details can be share upon receipt of the NDA.
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About the Sale

Reason For Selling:
Seller will pursue non-competing interests.
Training/Support:
No baking experience needed. Seller will provide up to three weeks of training during the transition phase. Details to be negotiated.

Listing Info

ID:
1476088
Ad Detail Views:
1663

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Business Listed by

Michael Greene

Sam Goldenberg & Associates

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U.S. Census Data for Bernalillo and Sandoval Counties, NM
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Bernalillo and Sandoval Counties, NM
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Source: American Community Survey (2010-2014), United States Census Bureau.

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