13-Year established custom cake shop is now available for acquisition. This business specializes in wedding cakes & a variety of custom cakes ranging from graduation cakes, birthday cakes, seasonal/holiday cakes, cupcakes, cake pops/cookie cakes, etc. This business was established by the original owner in 2008 and was acquired by the current owner from the original owner in 2019. Overall demographics of this cakery are a well mix of upper-middle class families and wedding customers in various ethnicity. This business has built a strong customer base since its inception in 2008, consisting of many solid repeat customers for event cakes. The gross sales of this cakery have been consistently growing at around 210K per year and are continuing to grow even under the pandemic. This is a great opportunity to acquire a well-established custom cake shop for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.
- Asking Price:
- $89,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $215,679
- Cash Flow:
- $49,803
Property Information
- Real Estate:
-
Lease
- Location:
-
The business occupies a 1,900 SF end-cap space of a retail strip center surrounded by densely populated residential neighborhoods. The area where this business is located is anchored by many retail businesses, restaurants, nationwide franchise fitness, etc., which generates high traffic. The facility was renovated in 2019, and all major kitchen equipment has been well maintained and is in good working order.
- Size in square feet:
- 1,900 SF
Business Operation
- Expansion Potential:
-
The marketing of this business has been much more improved under the current ownership than when the previous owner operated it. The business website was newly built, adding an online store that customers can purchase cakes directly on the online menu. In addition, other online marketing is in place through Google Adware, wedding wire (online registry), social media outlets, etc. Currently, no online delivery platform, such as Uber Eats, DoorDash, Grubhub, is set. By initiating 3rd party delivery service can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak.
- Competition / Market:
-
Although there are several competitors in the immediate market area, this business has accumulated a large customer base through high-quality products and personalized service and continues to grow.
- Reasons for selling:
-
Retirement
- Employees:
- 2FT/2PT
- Years established:
- 2008
Other Information
- Support & training:
-
The owner will provide sufficient training for an agreed-upon period to allow the transition into the business as seamlessly as possible.
- Financing available:
-
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
- Furniture / Fixtures value:
- $15,000 - included in the asking price
- Inventory / Stock value:
- $7,500 - included in the asking price
