Listing ID: 73406
This Bakery known for their GREAT PRODUCTS, sells products they make from scratch, on location, in their great kitchen. They are a very popular brand with following all over town. They sell their baked goods in their location, as well as ON LINE, to corporate parties, weddings, special events, and other such parties.
Their products range from cookies brownies, pies, gluten free desserts and other yummy baked goods. This bakery has a small dining area that serves up the products they sell along with a nice Hot cup of coffee.
Their location is in a very popular strip center in an Upscale area in the NW part of Columbus. The bakery has great visibility from the busy street with easy access. They have a very large parking lot for you convenience
The bakery has all brand new equipment of the highest quality. There is plenty of room to produce the present business and add more to it
This is a confidential sale, so please sign CA attached on this posting
- Asking Price: $189,000
- Cash Flow: $92,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,150
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Bakery and its equipment are less than 4 years old. Everything is in clean and excellent condition. The space has a front cute little dining counter, and the entire back is baking equipment.
Owner will help train their process with the recipes, if needed
Other business interests
Name recognition is strong with on line presence as well as neighborhood popularity
To grow, just keep working business and let it grow
The company was founded in 2018, making the business 4 years old.
The real estate is leased by the business for $2,777 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. However, the true factor and the one they say to you may be 2 absolutely different things. For instance, they might say "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is very important that you not rely entirely on a vendor's word, yet rather, make use of the vendor's answer together with your general due diligence. This will paint a more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover points like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new customers? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Specific elements such as new competitors sprouting up around the area, road building, and employee turn over can affect repeat customers and also negatively affect future earnings. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the possibility to build a returning customer base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Just how might the local median family earnings influence future earnings potential?