MergerPlace

Take and Bake South of Metro

Minnesota (Rice)


  • Asking Price: $95,000
  • Gross Income: $194,132
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $80,000
  • Listing ID: #202472
  • Established: 2012
  • Employees: 4 PT

Business Description

Gourmet food retailer, including frozen dough and pizzas, take-n-bake items, heat and eat meals and cake decorating supplies. Also serves gourmet ice cream. Many gluten free options make this retailer a hit with the local community. Located on a busy highway between metropolitan areas, this business enjoys good traffic access with developments growing around it, sure to bring in more customers. Sale price is set at the fair market value of the assets in place with all inventory included. Leased facility in a strip mall on a busy road. Many shops around the area attract customers from a wide area. Continued development in the immediate vicinity will bring more people to the area in the future. Space is split between larger shopping area and smaller food preparation and storage area. Food product markets are extremely competitive, but the selection and quality of foods this retailer sells are unique in its service area. Some customers travel from over an hour away to shop here because of the unique selection this business offers. Providing foods which are locally sourced is a draw for some customers. The business has a very nice website which displays all information a customer would need to decide to make a purchase. In addition to its website the business has an active Facebook account with many hundreds of followers. There are also conventional media marketing techniques being used. Business has one 50 square foot cooler and one 96 square foot freezer. Prep tables to be able to prepare items as needed along with an ice cream serving well and pizza prep table. Plenty of rack storage and 4 sinks are utilized in the operations. There are 54 feet of retail freezers displayed in the sales area and 2 dining tables inside and 2 outside for people to sit. The population is growing around the area this business is in and new local attractions are being built in the near vicinity. As the population and other local draws grow, this business will have more foot traffic from people being close by. The new owner may change the marketing that is currently in place, add specials or classes to bring in different customers, or work on product pricing to maximize margins.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Minnesota
County: Rice

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 PT

Financial Information

Asking Price: $95,000
Gross Revenue: $194,132
FF&E: $80,000
Inventory: $15,000
Seller Financing Available: Yes

Property Information

Facilities:

Leased facility in a strip mall on a busy road. Many shops around the area attract customers from a wide area. Continued development in the immediate vicinity will bring more people to the area in the future. Space is split between larger shopping area and smaller food preparation and storage area.

Growth & expansion opportunities:

The population is growing around the area this business is in, and new local attractions are being built in the near vicinity. As the population and other local draws grow, this business will have more foot traffic from people being close by. The new owner may change the marketing that is currently in place, add specials or classes to bring in different customers, or work on product pricing to maximize margins.

Competition:

Food product markets are extremely competitive, but the selection and quality of foods this retailer sells are unique in its service area. Some customers travel from over an hour away to shop here because of the unique selection. Providing foods which are locally sourced is a draw for some customers.

Reason for selling:

Owner desires to retire.

Support & Training:

Will train for 2 weeks @ no cost. Gourmet food retailer, including frozen dough and pizzas, take-n-bake items, heat and eat meals and cake decorating supplies. Also serves gourmet ice cream and decorates cakes. Many gluten free options make this retailer a hit with the local population. Food licenses with the state of MN must be maintained. A passion for healthy eating and customer service will be helpful for setting the vision for this company.

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Business Listed By:

Jacob Peterson

Murphy Business Brokers