MergerPlace

Priced to Sell Bakery

Minnesota


  • Asking Price: $65,000
  • Gross Income: $246,203
  • Cash Flow: $46,005
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $65,000
  • Listing ID: #209520
  • Established: 2012
  • Employees: 3 FT / 4 PT

Business Description

Bustling bakery with a regional reputation for world-class baked goods. This is a turn-key operation perfect for an owner operator. Providing all sorts of baked goods, this company has created many loyal retail customers. Opportunities to expand abound, including tapping into the wholesale customer market, as well as increasing specialty baked goods for weddings and graduations. With ample equipment to handle the current operations, a new owner could keep the same profitable model the current owner is using, or easily expand sales for immediate increases in revenue using existing available capacity.


Business Details

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

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT / 4 PT

Financial Information

Asking Price: $65,000
Gross Revenue: $246,203
Cash Flow: $46,005
FF&E: $65,000
Seller Financing Available: No

Property Information

Facilities:

Business is currently located in a bustling downtown community in Southeast Minnesota. The exterior of the building is inviting and is located next to an artisan grocery store as well as a very popular old fashion meat market. Adequate parking makes this store an easy one stop and shop for all grocery needs. Current lease is year to year. The landlord is open to a long term lease.

Growth & expansion opportunities:

With increasing demand for organic, specialty and artisan foods, adding different baked food offerings could appeal to new customers. Moreover, focusing on increasing wedding and special event dessert sales could add new revenue streams. This bakery currently has a good operating output, but more is possible with minimum investment.

Competition:

This bakery stands out from the competition by providing exceptionally delicious baked goods that draw customers from a wide region. Bakeries such as this one are few and far between, with very loyal retail customers. The bakery industry has been changing throughout the past several decades, but with demand for organic, artisan, locally grown and wholesome foods rising, bakeries are uniquely positioned to capitalize on changing consumer trends. The main competition for this bakery comes from local supermarkets which can bake their own products, but cannot match the quality of product produced by this business.

Reason for selling:

Business owner wishes to retire due to health issues.

Support & Training:

Will train for 1 week @ $0 cost. This business bakes breads, buns, rolls, muffins, brownies, cookies, bars, cupcakes, and wedding deserts. Revenue has been very consistent over the past 3 years. In addition to understanding how to bake, a new owner should have a keen focus on customer satisfaction and business planning. This business is required to have state issued licenses to operate.

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Business Listed By:

Scott Krook

Murphy Business Brokers