MergerPlace

PROFITS UP, Bakery, Breakfast Cafe

Minnesota


  • Asking Price: $380,000
  • Gross Income: $441,517
  • Cash Flow: $134,478
  • Real Estate: $260,000
  • Inventory: $8,000
  • FF&E: $75,000
  • Listing ID: #222243
  • Established: 2012
  • Employees: 5 FT / 9 PT

Business Description

COVID RESISTANT, MULTIPLE REVENUE STREAM, TWO BUSINESSES UNDER 1 ROOF opportunity. The businesses are a well-established bakery, that serves breakfast and coffee with apartment rentals. The majority of revenue comes from the bakery. The business also delivers wholesale bakery items to 10 businesses in the region every week. There is a PASSIVE INCOME STREAM from the rental of 5 apartments on the 2nd floor. The bakery owner owns the building. This is a great owner-operator opportunity in a rural small town setting. Sales during the 2020 pandemic are up over the same period in 2019 by ALMOST 30%. 2020 is on pace to be the best year financially by far.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Minnesota

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT / 9 PT

Financial Information

Asking Price: $380,000
Gross Revenue: $441,517
Cash Flow: $134,478
FF&E: $75,000
Inventory: $8,000
Real Estate: $260,000
Seller Financing Available: No

Property Information

Facilities:

Older building but renovated and is well-maintained. It is located in town on a major city road with good traffic. There is seating for 75 customers, traditional bakery glass pastry counter and a full kitchen equipped with modern appliances for baking and food prep needs. There are 5 apartments on the 2nd floor and there is currently ZERO VACANCY.

Growth & expansion opportunities:

New owner could increase hours of operations, add lunch and dinner as well as increase marketing and advertising.

Competition:

There is no competition in town and the business has regularly scheduled deliveries to other communities in the region each week.

Reason for selling:

Pursue a different opportunity.

Support & Training:

Will train for 2 weeks @ no cost Bakery or restaurant experience would be helpful, business management, payroll and bookkeeping and people management skills would also be a plus. The business serves bakery goods, coffee and breakfast food. The business has a food license and is inspected by the Minnesota Department of Agriculture once a year.

Contact Business Seller

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Business Listed By:

Pat Steffl

Murphy Business Brokers