This family owned business was established over 57 years ago. Aside from
a full line of their time tested, baked on premises, original recipes for pastries and cakes, they custom bake cakes that are unique and so well known that I could not disclose their specialty without exposing their name. It should be noted that their sales have not only withstood the affects of the pandemic, but they have increased by 23% during the last half of 2020 compared to the last half of 2019. Needless to say, their bread variety is mouth watering as well. What's more, they have the potential to add an additional shift and thereby almost double their volume. Owner's are retiring and currently work less than part time. What an opportunity for the right person!
- Asking Price:
- $650,000
- Sales Revenue:
- $1,400,000
- Cash Flow:
- $240,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $11,000 5 Year Lease Expires 3/31/2024
- Location:
-
Brooklyn, NY
- Size in square feet:
- 4,400
Business Operation
- Expansion Potential:
-
Plenty of room for expansion and growth
- Reasons for selling:
-
Owner is seeking retirement.
- Employees:
- 12 FT 4 PT
- Years established:
- 1957
Other Information
- Support & training:
-
Owner will provide support and training.
- Furniture / Fixtures value:
- $500,000
- Inventory / Stock value:
- $12,000
