Business Overview

This gourmet bakery has established a solid foundation for a new owner to succeed and scale as desired. The store is ideally located in a high-traffic shopping center with thousands of daily travelers. Current owner works in the business but has plenty of flexibility as the part-time staff of 10 are trained to handle every aspect of the business.

This business is part of a growing franchise system with corporate headquarters offering amazing support to business partners.

From the franchisor: “Our franchise partners benefit from a flexible business model, relatively low operating costs and high-quality, delicious products that consumers come back for time and time again.”

After opening in 2020 the business saw great response with nearly $500,000 in sales and $75,000 in discretionary earnings. The business can scale with expansion into event catering and even multiple store fronts. Owners are seeking retirement after a career of business ownership.

Contact Scott Davis with Transworld Business Advisors today to learn more about this opportunity

Quick Facts:
– Nearly $500K in sales in 2021
– Entrepreneur Magazine Franchise 500 list last 3 years
– Expanding rapidly across the country, with the sole OK location located in Tulsa
– Location sees 10,000 daily travelers with dense residential, retail and businesses near by

Growth Opportunities:
There are many avenues to increase revenue as sales now are strictly through the store front. Additional opportunities include:
– Wedding and Event Catering
– Participating in pop up or special events
– Expansion into multiple locations in other high-traffic areas

Seller’s Objectives:
– After owning and exiting numerous businesses the owner has decided to explore other interests outside of business ownership
– Motivated to make a good deal and will consider some owner financing options
– Will assist with transitional training along with the franchisor support

Financial

  • Asking Price: $200,000
  • Cash Flow: $75,667
  • Gross Revenue: $492,000
  • EBITDA: N/A
  • FF&E: $54,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The venture was founded in 2020, making the business 2 years old.
The transaction does include inventory valued at $5,000, which is included in the requested price.

The business has 10 employees and is situated in a building with estimated square footage of 1,200 sq ft.
The real estate is leased by the company for $3,700 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is really vital that you not depend completely on a seller's word, yet rather, utilize the seller's solution together with your total due diligence. This will paint an extra sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in brand-new clients? Often times, businesses have repeat clients, which develop the core of their everyday revenues. Specific variables such as new competition growing up around the location, road construction, and also employee turn over can impact repeat clients and also negatively impact future revenues. One important point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the regional mean house income influence future earnings potential?