Listing ID: 67696
By purchasing this Bakery, Café, and Catering Company that is for sale in a very busy shopping center in Fairfax County, Virginia and you will be ready for business your first day! This well-known operation produces $1.8 million from its multiple foodservice revenue streams. It is Fully Equipped and gives you the opportunity to serve up a full restaurant menu, special occasion cakes, sweet treat pastries, and baked goods, including gluten-free items, sugar-free treats, and food for allergy-sensitive patrons.
In business since 1988, this popular Fairfax County establishment has already developed a loyal and growing customer base from a high-income, densely populated demographic audience. And with the additional catering business and its sterling reputation for serving catering needs from family birthday parties to large weddings and corporate gatherings you can build on the catering aspect of the business to reach an audience that goes to all of Northern Virginia, the District of Columbia, and Suburban Maryland.
Whether you are an experienced baker or restaurateur, or an entrepreneur with a passion for serving good food this Restaurant, Bakery, and Catering business for sale is ready for you to come in and begin creating your own successful local business. There is no need to find an ideal location or spend the money buying all the necessary equipment, then building out the right space. This is ready-to-go today, in its 3,600 square foot space and all of the equipment you will need!
This Bakery, Café, and Catering Company for Sale just needs a new owner to maintain strong sales and create opportunities for new growth.
Don’t miss the chance to build on the reputation of an already successful business that enjoys high praise on Google, Trip Advisor, Facebook, and other active review sites! In addition, the catering arm of this business enjoys an excellent reputation with wedding sites like The Knot and WeddingWire.
To set up a tour please acknowledge confidentiality by submitting an NDA and begin your move to business ownership today!
Sales: $1,800,000 average
Term: 5 years plus option
- Asking Price: $499,000
- Cash Flow: N/A
- Gross Revenue: $1,800,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1988
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:24
- Furniture, Fixtures and Equipment:N/A
The venture was established in 1988, making the business 34 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is very important that you not rely absolutely on a vendor's word, yet instead, utilize the vendor's answer together with your general due diligence. This will repaint a more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new clients? Often times, companies have repeat clients, which form the core of their everyday profits. Certain elements such as brand-new competitors growing up around the location, road building and construction, and also personnel turnover can impact repeat customers and also adversely affect future profits. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the possibility to construct a returning customer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the local median family earnings effect future earnings prospects?