MergerPlace

Custom Bakery -- Hampton Roads, VA

Virginia


  • Asking Price: $99,000
  • Gross Income: $176,934
  • Cash Flow: $67,352
  • Real Estate: Not Disclosed
  • Inventory: $1,500
  • FF&E: $49,639
  • Listing ID: #217619
  • Established: 2018
  • Employees: 1 FT / 2 PT

Business Description

Unique, One of a Kind, Profitable Neighborhood Bakery is Now Available...
This "small batch, from scratch" bakery features delicious signature and seasonal flavors from its diverse selection of offerings. The menu features a variety of tasteful delights to satisfy any sweet tooth ... from cookies, tarts, cupcakes, ice cream, brownies, sorbets, and specialty cakes. The proprietary coffee is locally roasted and complements the made-in-house, small batch treats. The inviting, tasteful decor is attractive, fresh and comfortable with additional seating available on a street-side outdoor patio.

The business is young but already well-established, profitable and has a large, loyal, local following. In addition, several corporate relationships have been established which has resulted in profitable, repeatable business. This charming bakery is located on one of the premier shopping and eatery corridors in lovely Hampton Roads community and draws from a wide, diverse and populous geography. An all-new, highly visual and colorful web-site helps to showcase the multitude of custom offerings, including wedding and special event cakes, as well as order-able gift certificates.

This business is pre-qualified with an attractive finance package and is ideal for the owner/operator who loves pleasing others with their in-house, custom and made from scratch treats.


Business Details

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

Company Information

Year Established: 2018
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 2 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $176,934
Cash Flow: $67,352
FF&E: $49,639
Inventory: $1,500
Seller Financing Available: Yes

Property Information

Facilities:

This business is situated in bustling Hampton Roads, Virginia on a popular corridor with close access to shopping centers, schools, sports facilities, residences as well as Interstate 64 and other high traffic local routes. The site has both vehicle and foot traffic and includes plenty of convenient parking spaces -- both on street and in a shared but large and dedicated rear parking lot. The shopping center is well known and located near other adjacent local businesses which complement the area's choices. The lease space includes attractive display cases, refrigerated drink display, cashier station and tables and chairs for in-dining guests. An assumable lease is in place at $1,735 per month (plus CAM) and renewal options are available.

Growth & expansion opportunities:

Due to unforeseen events, the owner's spouse has taken an overseas position which requires the sale and transfer of the business before their initial intent. This circumstance has resulted in an outstanding acquisition opportunity as this business is well positioned for continued growth: 1. The business branding and offerings have been well received in the market. 2. The business location and lease are ideal -- high traffic, excellent visibility/accessibility with convenient traffic. 3. The market is large and diverse and pulls from many customer demographic groups -- students, retirees, professionals, tourists, families. 4. There are several growth initiatives underway in the community which will only serve to boost business and interest. 5. Mobile service, catering, special events and additional corporate alliances are all growth options for a motivated owner. The wedding cake business is also a huge opportunity.

Competition:

The Hampton Roads community features a robust, growing and vital macro-economic landscape and draws from several adjacent communities, namely: Hampton, Newport News, Yorktown, Toano, Norge, and Williamsburg. Since this business caters to specialized, custom, one of a kind menu items, the competitive density is low, enabling the business to serve a large geographic draw pattern.

Reason for selling:

Relocation out of the country.

Support & Training:

All applicable licenses are in place to support and enable the business. The product line-up is extensive; from cupcakes to brownies to ice-cream to specialty tarts and cakes. The in-house, personal recipes of the everyday menu offering are included in the offering.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Hal Feder

Murphy Business Brokers