MergerPlace

30-Year Old Upscale Bakery Cafe

Florida (Broward)


  • Asking Price: $1,325,000
  • Gross Income: $800,894
  • Cash Flow: $212,715
  • Real Estate: $700,000
  • Inventory: $10,000
  • FF&E: $90,000
  • Listing ID: #203661
  • Established: 1987
  • Employees: 4 FT/4 PT

Business Description

This well-known cafe serves delicious breakfasts and lunches, both inside and outside on the patio. It has an impressive display of bakery products ranging from healthy and organic European style breads to a delicious arrangement of cookies, pastries, cakes and ice-creams. They sell various kinds of cheeses and salamis and their deli products are high end and carefully prepared. They serve delicious espressos, teas and juices both domestic and imported. May qualify for VISA!


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Florida
County: Broward

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT/4 PT

Financial Information

Asking Price: $1,325,000
Gross Revenue: $800,894
Cash Flow: $212,715
FF&E: $90,000
Inventory: $10,000
Real Estate: $700,000
Seller Financing Available: Yes

Property Information

Facilities:

The homely decor in bright colors complements the candy-like atmosphere of the desserts display. There's always a line here for scrumptious cookies and cakes or for hot breakfasts and lunches. The Real Estate is owned by the seller and is included in the sale. The bakery, the kitchen, hallways and bathrooms are newly remodeled. There's plenty of free parking in front and back of the establishment and the cafe is situated in an upscale neighborhood of East Broward with no shortage of loyal local clients and repeat tourists.

Growth & expansion opportunities:

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 creation of a website, 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 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:

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 the owner to retire and pass his legacy on to someone else.

Reason for selling:

This is a bright colored bakery/cafe serving European style breads, pastries & deli items amid homey furnishings & antiques. It has been at the same location for thirty years with the same owner for twenty years. The owner is retiring and wants to pass his legacy to a qualified buyer who wants to maintain the same food quality, clientele and employees. This amazing bakery/cafe has a tremendous following from the locals as well as tourists who keep coming back every year. May qualify for VISA!

Support & Training:

Will train for 3 weeks @ no cost. This bakery has a spacious and modern kitchen with a high capacity oven. They have three main sources of revenue: the wholesale accounts, where they deliver bread and pastries; the deli retail customers who will line up at the front counter to buy breads, desserts & other deli products and the cafe clients who will come in for breakfast and lunch and enjoy European style meals. The cafe has a capacity to sit 50 patrons and it has a beer & wine license which an be transferred to the buyer.

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Business Listed By:

Anton Joro

Murphy Business Brokers