Listing ID: 78527
Bring your best and highest offer!
Are you ready to be your own boss and drive your own business? Are you creative, enjoy being artistic and seeing your work on display? This business is for you.
With a well-versed staff and a full, business portfolio this business is ready for your special touch.
The bakery offers an extensive collection of flavors and filling choices and is waiting for you to add yours to the list. This business is perfect for the baker that is looking for the ideal place to work their magic and to continue the reputation of this well-know, established and BUSY bakery.
This is one business that has not only sustained their revenue during the pandemic – they have nearly doubled theirs in the time when others were closed. For all inquiries, understand in order to receive ANY information regarding this business a NDA will be required to be completed and signed.
- Asking Price: $150,000
- Cash Flow: $75,000
- Gross Revenue: $212,500
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:950
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
4 week transition /training
Potential Growth options: cookies, pies, cheese cakes and other specialty flavors
The business has 4 employees and is situated in a building with approx. square footage of 950 sq ft.
The building is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nevertheless, the genuine reason and the one they tell you may be 2 completely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is really important that you not count absolutely on a vendor's word, however rather, make use of the seller's solution in conjunction with your total due diligence. This will paint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their daily revenues. Specific elements such as brand-new competitors growing up around the area, road construction, and also personnel turn over can affect repeat consumers and negatively influence future incomes. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the chance to construct a returning customer base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional typical house earnings effect future revenue potential?