Well-Established Bakery for Sale

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Well established bakery in upscale neighborhood!
Asking Price:
$280,000

Gross Revenue:
$290,000
Cash Flow:
$95,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$80,000
included in asking price

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Business Description

Well established bakery in business for many years on a busy street in upscale neighborhood for sale. The business specializes in custom cakes, including wedding cakes, and has developed a great reputation for quality cakes and has a loyal customer base because of the commitment to providing high-quality products. Their website features many of the cakes they have produced over the years. The bakery also produces cookies, pastries, cupcakes, and breads, but the majority of the business focuses on high margin custom decorated cakes.

Rent for the 1800 sq. ft. space is below market for the area. The current lease expires in 2024. The kitchen equipment includes a walk-in refrigerator, walk-in freezer, hood, 18-pan rotary oven, commercial mixers, assorted tables, display cabinets and many more items. The current equipment has the capacity for more production than the business is currently handling. The store has attractive displays of decorated cakes for various occasions and also has a few tables and chairs for customers who may want to enjoy having pastries, coffee and/or ice cream in the shop.

Owners have developed a reputation for providing quality baked goods over the past 20 years and are now ready to retire. The ideal buyer for the business is someone who has a passion for baking and has the energy and resources to continue and further enhance the business that the owners have developed and nurtured over the years. The business is highly regarded by the local affluent community. The current owners have built the bakery’s reputation only on word of mouth. The addition of greater online and social media presence with the business’s current high brand equity can easily increase sales for this already profitable business. Two weeks of training at 20 hours per week will be provided.

For more information please contact Angelica Michail at Sunbelt Business Brokers Pasadena, amichail@sunbeltnetwork.com or call 626-395-0717.

About the Business

Number of Employees:
FT-2; PT-0
Real Estate:
Leased
Building Sq. Ft.:
1,800
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks @ 20 hrs per week

Listing Info

ID:
1501065
Ad Detail Views:
470

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Business Listed by

Angelica Michail, MBA, CBB, CBI

Sunbelt of Pasadena - 01454723

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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