MergerPlace

Retail Bakery

Utah


  • Asking Price: $850,000
  • Gross Income: $913,542
  • Cash Flow: $319,187
  • Real Estate: Not Disclosed
  • Inventory: $4,000
  • FF&E: $34,882
  • Listing ID: #207639
  • Established: 1973
  • Employees: 4 FT / 16 PT

Business Description

This retail bakery is one of the best known bakeries along the Wasatch Front. It has been family owned and operated for nearly 50 years; it is iconic in the city where it is located. Even after nearly 50 years of operation, growth over the last 2 years has exceeded 10% annually!

It operates 5 days per week with the majority of the business being walk-in business; however there are a number of consistent clients who have product delivered on a weekly basis.

The city where this business is located is one of the fastest growing cities in one of the fastest growing states in the country. Fresh goods are baked every day and typically sold out by mid-afternoon.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Utah

Company Information

Year Established: 1973
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 16 PT

Financial Information

Asking Price: $850,000
Gross Revenue: $913,542
Cash Flow: $319,187
FF&E: $34,882
Inventory: $4,000
Seller Financing Available: No

Property Information

Facilities:

The business is housed along the main street of an historic portion of the city. It has been in this same location for its entire existence. The building is owned by the business owners as well and is available to purchase. They occupy 3,600 square feet of space with the baking facility in the rear of the retail storefront. The business has parking immediately adjacent to the bakery as well as substantial on-street parking directly in front of the store.

Growth & expansion opportunities:

This business has been operated as a family business and has not sought out substantial growth opportunities; rather, being satisfied with the growth of business through word of mouth and the existing customer base. With the well-deserved reputation for outstanding food quality and friendly customer service, this business could be expanded substantially through broadening the products offered.

Competition:

Naturally, there are a variety of bakeries, of various sizes and types, which represent competition. However, the iconic nature of this business and the lengthy track record of serving the local clientele, set this bakery apart. It is consistently chosen as the outstanding bakery in the area.

Reason for selling:

The owners desire to retire.

Support & Training:

Will train for 4 weeks @ no cost This business produces a wide variety of the finest baked goods available ranging from bread and rolls to fine pasties. In total, they typically produce approximately 30 different items (including different fillings for the pastries). No licenses, other than the basic city license, are required. All of the confidential recipes are included in the sale and the owners will train a new buyer in the details of every step of the production process.

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Business Listed By:

Marvin Slovacek

Murphy Business Brokers