Listing ID: 74842
Business Overview
Exquisite Desserts specializes in catering extensive menus, custom pastries, petite pastries, cookies, cupcakes, specialty cakes and more… All their products are baked from scratch using the freshest to ingredients to create a delicious dessert experience. Exquisite Desserts services 20 of the top country clubs in Coachella Valley and is a member of the Greater Palm Springs Wedding Association. This established boutique bakery has retail and wholesale clients and has served the greater Coachella Valley since 2000. Please call broker for more details on this turn-key opportunity and to arrange a showing.
This information, while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 000060721
Financial
- Asking Price: $495,000
- Cash Flow: $191,147
- Gross Revenue: $710,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Will train for an agreed amount of time for a smooth transition.
Health
Additional Info
The venture was founded in 2000, making the business 22 years old.
The company has 10 employees and is located in a building with estimated square footage of 3,000 sq ft.
The building is leased by the business for $3,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the real reason vs the one they tell you may be 2 absolutely different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a variety of other reasons. This is why it is very vital that you not depend totally on a seller's word, however rather, utilize the seller's response combined with your total due diligence. This will repaint a more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Many times, companies have repeat customers, which create the core of their everyday earnings. Certain aspects such as new competitors growing up around the area, road construction, and personnel turn over can affect repeat clients and also negatively affect future profits. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the chance to build a returning consumer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional typical household earnings impact future revenue prospects?
