Business Overview

This is a top-rated, family-owned, bakery in operation since 1988 and it was recently selected as one of the Top 50 Wedding Bakeries in the United States by The Daily Meal.
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All of the goods are handcrafted, baked and served with a side of love. The bakery specializes in creating amazingly delicious, yet affordable, cakes with a passion to add a little magic to any special occasion.

In addition to wedding cakes, the bakery offers:
• Birthday & Special Occasion Cakes…custom-designed to fit individual needs.
• Delicious Bundt Cakes at any time…every year, thousands of Bundt Cakes are shipped all over the United States.
• Fresh Daily Cakes, Cupcakes and Desserts…ready to go from the display case.

One thing is certain — you have not lived until you have tasted one of these cakes!

Financial

  • Asking Price: $265,358
  • Cash Flow: $106,143
  • Gross Revenue: $363,800
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1988

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:7
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The company was established in 1988, making the business 34 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 completely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in earnings, or an array of other factors. This is why it is very essential that you not count completely on a vendor's word, yet rather, use the seller's answer together with your overall due diligence. This will paint a more practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that profit margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in brand-new consumers? Many times, companies have repeat consumers, which create the core of their daily earnings. Specific elements such as brand-new competitors sprouting up around the location, roadway construction, and staff turnover can affect repeat clients and adversely impact future earnings. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the possibility to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median household earnings influence future income prospects?