Owner retiring for this Forty-year-old highly successful bakery, modern high volume, recently remolded business located in wonderful area of Rockland County New York. The owner is not a baker and has a full kitchen staff. This highly profitable bakery is in an affluent city of Rockland County, New York. The business has a 2023 gross yearly income of $473,658 and a consistent net income of $134,516. The facility has been recently remodeled with an attractive image. The owner has elected to retire after many years in the bakery industry. This Bakery has provided delicious cakes, pastries, and breads to residents of New York since 1975. Whether you are looking for an elaborately decorated, one-of-a-kind wedding cake, special holiday treat or creative child's birthday cake, this retail Bakery has been satisfying customers in the same location for more than four decades! They are a full-service bakery with a daily selection of dozens of freshly baked items. This bakery is a staple in Rockland County, and is a part of many people’s lives, from birthdays to christenings, engagements, weddings, graduations to anniversaries. This is a most unusual opportunity representing a wonderful business and a dependable future income. The business fixed assets have an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped bakery, including a commercial kitchen, fire suppression system, numerous refrigeration units, ovens, displays, POS system, tables, chairs, an office, accounting system, and various equipment required for this particular industry.
- Asking Price:
- $325,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $473,658
- Cash Flow:
- $134,515
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The sale includes a five-year commercial lease, plus options with a monthly rent payment of $5,350 all in, and a rent security of two months, cost per square feet is approximately $34.66.
- Leasehold Rent:
-
$64,200 per annum
- Lease Rent:
- $35 per sq ft per annum
- Location:
-
This modern facility consists of 1,850 square feet in a commercial setting on an active with many other successful companies. The facility has a private entrance and capacity for thirty-five (35) customers. This high-volume Bakery is in Southern New York, in an affluent area of Rockland County on an active commercial avenue with a many other successful businesses.
- Size in square feet:
- 1,850
Business Operation
- Expansion Potential:
-
The business can be further improved with increased days & hours, also by improving the present marketing system and by instituting a wholesale division.
- Competition / Market:
-
This well-known bakery expects no new competitors in the area, and the seller has agreed to supply an appropriate non-compete agreement to the new operator.
- Reasons for selling:
-
The reason for this sale is due to the owner’s pending retirement after many years of success in this particular food industry.
- Trading hours:
-
Hours of operation, the company is operational six days weekly, closed Monday, with hours from 6:00 am to 6:00 pm.
- Employees:
- This retail food and bakery business presently has seven employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll is approximately $16,500.
- Years established:
- 1987
Other Information
- Support & training:
-
The owner will remain post-closing to supply an appropriate training and transitional period to the purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
SBA and seller financing has been approved to a qualified buyer with an appropriate down payment
- Furniture / Fixtures value:
- $125,000 - included in the asking price
- Inventory / Stock value:
- $2,000 - included in the asking price
