High End Bakery in vibrant Queens neighborhood SDE $430k
- Asking Price:
- $1,500,000 Furniture / Fixtures included
- Sales Revenue:
- $2,083,200
- Cash Flow:
- $487,719
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Institutional Brand Equity (60+ Year History): Since opening its doors in 1964, the business has developed generational customer loyalty that spans multiple generations of local residents. This long-standing tenure acts as an impenetrable competitive moat against regional and national chains. Fully Vertical On-Premise Production: Unlike modern competitors reliant on third-party frozen logistics, 100% of the baking is executed on-premise. The scratch-kitchen model yields superior, artisanal quality across its signature hand-rolled, water-boiled bagels, custom celebration cakes, and fine traditional pastries, while maintaining optimal cost of goods sold (COGS) margins. All-Day "Triple Threat" Revenue Engine: The operation is uniquely insulated from daypart traffic dips by capturing spend from morning to night: Morning Drive: High-volume commuter traffic driven by premium espresso, signature breakfast sandwiches, and kettle bagels. Mid-Day Cafe: A robust lunch business featuring premium brand-name paninis, wraps, house-made soups, and fresh salads. High-Margin Confections: Year-round retail sales of high-end custom cakes, gourmet cookie platters, and specialty desserts sold to the public and high-end restaurants in NYC. Premium Infrastructure and Real Estate: Situated on a major commercial artery, the facility features premium commercial street frontage, exceptional foot traffic, and effortless vehicular access. The property is fully optimized with an industrial baking infrastructure capable of absorbing immediate capacity scaling.
Business Operation
- Expansion Potential:
-
The business is uniquely positioned for significant revenue growth by leveraging its existing 60-year brand equity and kitchen capacity. A significant growth opportunity lies in expansion of the B2B wholesale division. By utilizing the facility’s fully equipped, high-volume industrial baking infrastructure during off-peak hours, an incoming operator can immediately scale production to supply local diners, independent cafes, gourmet grocery markets, and country clubs across the region. Additionally, the corporate catering segment remains highly underpenetrated. Finally, there is a clear opportunity to modernize the brand's footprint through digital marketing and mobile ordering apps, as well as launching a customer loyalty program.
- Competition / Market:
-
Impenetrable Generational Goodwill: Operating under continuous ownership since 1964 has fostered an invaluable intangible asset: generational customer trust. The business is woven into the fabric of the community's daily routines and milestone celebrations (weddings, birthdays, holidays), a dynamic that cannot be bought or quickly replicated by a new market entrant.
Infrastructure & Capacity Constraints: The cost and regulatory complexity of building out a fully permitted, high-capacity industrial scratch-bakery kitchen in a premium retail corridor is a massive barrier to entry. The Company’s facility is fully optimized, turnkey, and possesses significant excess production capacity that would cost a competitor hundreds of thousands of dollars and months of municipal permitting to duplicate.
Insulation from Commodity and Supply Chain Shock: By maintaining a fully scratch kitchen, the Company purchases raw ingredients (flour, sugar, butter) in bulk rather than par-baked or frozen convenience products. This vertical integration allows for superior cost-of-goods-sold (COGS) management and cushions the business against the rising wholesale distribution costs that plague standard cafes and delis.
Strategic Real Estate Footprint: The business occupies a dominant retail position on a primary commercial artery characterized by high vehicular traffic, excellent visibility, and steady pedestrian flow. This specific real estate acts as a natural marketing funnel, capturing high-volume commuter transit that competitors off the main corridor cannot access.
- Reasons for selling:
-
Owner retiring
- Employees:
- 20
- Years established:
- 1964
Other Information
- Furniture / Fixtures value:
- $100,000 - included in the asking price
