Wholesale Bakery and retail bakery with upscale cafe/restaurant.

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Business Description

The reputation and longevity of this business are exceptional. Originally established in 1979 the present owners purchased the business in 1990. They have established a hybrid model which includes retail , wholesale and a café. They are experiencing solid growth due to new companies building a strong presence in the area.
Revenue is consistent in the $2,000,000 range. Owner's discretionary earnings have also been consistent in the $350,00 to $400,000 range. The ownership believes the upside is strong on both the wholesale and retail side of the business.
Their wholesale clients include the airport, various hotels and other establishments in the metro Atlanta area.

About the Business

Location:
Georgia
Year Established:
1990
Number of Employees:
18 ft 18pt
Real Estate:
Owned
Building Sq. Ft.:
6,500
Facilities:
The building is a well appointed 6500 SF facility. It includes an exceptional kitchen to handle the wholesale and retail needs. In addition the cafe is the go to place in the area. The owners are open to sell the real estate with the business. Approximate value of the real estate is estimated to be close to $1,700,000.
Market Outlook/
Competition:
There is little competition for this business in their area.
Growth & Expansion:
There is a high upside for growth on both the wholesale and retail side. With new industry and all that grows with it this business can benefit greatly.
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About the Sale

Reason For Selling:
Need to cut back.
Training/Support:
The owner will be very supportive to the new owner.

Listing Info

ID:
1356413
Ad Detail Views:
805
Asking Price:
$1,000,000

Gross Revenue:
$2,200,000
Cash Flow:
$360,000
EBITDA:
$350,000
Inventory:
$60,000
not included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
$1,700,000
not included in asking price

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Business Listed by

Matt Wochele

Preferred Business Brokers, Inc.
License# 178746

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