Listing ID: 74796
High-End Franchise Bakery that produces award-winning breads and pastries has reduced their price by $40,000. Now includes Delivery Vehicle. Perfect for family of bakers and foodies. Specializes in handcrafted, European-style artisan breads made in the tradition of old world master bakers. Baked fresh from scratch, using only the highest quality ingredients, using a five ton, European hearth stone oven. Sells retail in beautiful store front located between two fine dining restaurants in high-end stirp center. Retail and Wholesale delivery accounts growing.
Contact business broker Wiliam Swan at home cell office 575-770-1156 for NDA and additional information.
- Asking Price: $260,000
- Cash Flow: $73,000
- Gross Revenue: $543,000
- EBITDA: N/A
- FF&E: $180,000
- Inventory: $8,500
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,650
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Functional, roomy, beautiful store front. Kitchen equipment a rare find; turnkey is an understatement. Pristine condition. Price includes huge FFE suite of new and well-maintained baking equipment, and delivery vehicle.
Sellers will complement exceptional Franchisor training
Unique complete kitchen bakery with store front, wholesale and delivery established. Coming out of COVID, ready to grow substantially again because the product is highly respected with great reputation.
Grow into farmers markets again, continue to knock on wholesale doors and improve social media presence. Take advantage of Franchisor best practices.
The business was established in 2015, making the business 7 years old.
The transaction shall include inventory valued at $8,500, which is included in the suggested price.
The business has 4FT, 11PT employees and is situated in a building with disclosed square footage of 2,650 sq ft.
The real estate is leased by the business for $4,353 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is really crucial that you not depend absolutely on a vendor's word, yet instead, make use of the seller's solution along with your total due diligence. This will paint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that revenue margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new clients? Most times, businesses have repeat customers, which form the core of their everyday profits. Particular aspects such as brand-new competitors growing up around the location, roadway building and construction, and also employee turn over can impact repeat consumers and also adversely impact future revenues. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the chance to build a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the local average family earnings impact future revenue prospects?