Business Overview

Operating nearly 15 years this Bakery is not standard nor is it run of the mill. This operation rides on the cutting edge of customer satisfaction offering a unique blend of ingredients creating a unique product selection. The product enjoys distribution throughout the Hampton Roads area and is host to many personal and professional events year over year. This year, over 100 events are scheduled showcasing this bakery’s unsurpassed talents. Perhaps no surprise, the heart of the operation is founded in a centrally located commercial kitchen which bakes and develops all of the tantalizing blend of ingredients creating baked goods each and every day that are special and pleasing. The line up includes cakes of every type imaginable, cupcakes second to none, from simple to sublime, and venues too many to mention. But one would be remiss if not mentioning the creation line up includes a heath conscious approach to development including sensitivity to allergies and the like so no customer is left unsatisfied. This depth of understand and specialized attention to the customer base has allowed this business to flourish even through the most difficult of times economically. Credit goes to the Owner for creating an unshakable base of operations. Complementing the business are five full time employees along with the Owner who is full time and actively engaged in the operation. A passion and love of this Seller, a Buyer will be afforded special training and transition as the Owner will like to see their creation continue long into the future.

Financial

  • Asking Price: $99,000
  • Cash Flow: $61,379
  • Gross Revenue: $488,502
  • EBITDA: N/A
  • FF&E: $66,020
  • Inventory: $1,900
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The commercial bakery contains two full kitchens, office space and a separate storage space. The kitchen equipment includes a double convection oven, 40 gal floor mixer, 20 gal table mixer, 3 bay wash sinks, hand sink, refrigeration, freezers and worktop counters, racks and tables. The second kitchen is a dedicated wheat and nut free food allergy kitchen with a convection oven, 3 bay sink, refrigeration, freezers and work spaces. Every kind of tool and utensil necessary to run a bakery is located on premises and conveys. Lastly, the commercial kitchen includes a customer cafe as one of multiple area retail locations.

Is Support & Training Included:

Will train for 4 weeks @ $0 cost.

Purpose For Selling:

Relocation.

Additional Info

The venture was established in 2007, making the business 15 years old.
The transaction shall include inventory valued at $1,900, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 entirely different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, recent decrease in profits, or a range of various other factors. This is why it is really crucial that you not depend entirely on a vendor's word, but instead, make use of the vendor's solution together with your overall due diligence. This will paint a more sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Remember that occasionally this can indicate that revenue margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new customers? Many times, businesses have repeat clients, which create the core of their everyday profits. Specific elements such as brand-new competition sprouting up around the location, roadway building and construction, as well as employee turn over can influence repeat customers and adversely affect future earnings. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical house earnings effect future income prospects?