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70 Year Old Rare Bakery In Connecticut For Sale

Connecticut, US
Asking Price:
$90,000
Sales Revenue:
$300,000
Cash Flow:
$52,000

LISTING ID # 33003

Rare Bakery- Est. 70 Years. Major Price Reduction! The owner is not a baker and you do not have to be a baker either. This is a community landmark. They specialize in all your favorites, cakes, cookies, pastries, and more. This is a side investment for the current owner. He comes into the bakery on a very part-time basis. He basically comes in to handle some bookkeeping and making deposits, approximately 60 min/day. The business is fully staffed and you DO NOT NEED BAKING EXPERIENCE to purchase or operate the business as it is fully staffed with highly skilled employees (2 F/T and 2 P/T). The business is located in a great shopping center with good parking. There are 10 years remaining on the current lease with a rent of $4,266/mth. In the past year the business generated gross sales of approx. $300,000.00 (50% CC/50% Cash) with an owner's cash flow of approx. $52,000.00. An owner-operator or baker could run the business even more efficiently. We are seeking a serious and financially qualified buyer with at least $90K in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All buyer-seller calls and meetings must be scheduled by appointment only after providing proof of liquid funds. To learn more, please call, text or email Mel Vaz today.

Business Operation

Reasons for selling:

Divesting

Employees:
2 FT/2 PT
Years established:
70

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$125,000