This upscale bakery is in business for over 30 years, serving very loyal wholesale and retail customers. Several streams of consistent revenues and profits year over the year make this opportunity outstanding both for investors and hands-on owners. The bakery is a bread wholesaler. They were up and running during the pandemic and have more capacity to grow and expand.
The establishment is being run semi-absentee. A full-time owner will grow the business exponentially. May qualify for VISA!
- Asking Price:
- $580,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $922,181
- Cash Flow:
- $206,080
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The bakery, kitchen, hallways and bathrooms are newly remodeled. There's plenty of free parking and the cafe is situated in an upscale neighborhood of East Broward with no shortage of loyal local clients and repeat tourists.
Business Operation
- Expansion Potential:
-
This cafe/bakery has great potential for growth. Such potential is supported by the very upscale neighborhood where the business is situated and can be spurred by the implementation of carefully designed direct mail campaigns as well as a social media campaign. The current owner has relied on good quality service and products, a good website and word of mouth so far but add some intelligent and consistent advertising to that and sky may be the limit. The bakery does these numbers based on a 5-day work week and they are closed on Mondays. If the new owner will open the establishment on Mondays one should expect an automatic 20% increase in top line revenue.
- Competition / Market:
-
You will be hard-pressed to find another bakery nearby with wholesale capabilities like this one as well as multiple sources of revenue. New establishments come and go but this bakery has been a staple of the neighborhood for thirty years. It is time for a new owner to maintain this legacy.
- Reasons for selling:
-
Partnership split.
- Trading hours:
-
Tuesday-Saturday 8am-3pm
- Employees:
- 5 FT/4 PT
- Years established:
- 26
Other Information
- Support & training:
-
Will train for 3 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $116K down.
- Furniture / Fixtures value:
- $271,150 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
