Listing ID: 78539
Incredible opportunity for someone to own a wonderful family owned and operated desserts eatery and bakery business.
The family owns and have been running the business for over 26 years.
In addition to desserts, they serve breakfast and lunch as well as catering for private occasions including, weddings, graduations etc.
The owner is willing to assist and train any new owner and teach if necessary recipe secrets .
The owners will consider financing a portion of the sale for a well-qualified and interested buyer. SBA approved for a loan
- Asking Price: $330,000
- Cash Flow: $130,000
- Gross Revenue: $1,100,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business hours are Tue-Thur 7:00am-2pm Fri-Sat 7:00am-4:00pm Sun-9:00am-1:00pm. Closed on Monday and Wednesday. Well Established bakery in the Maryland state on a busy location.
No direct competition within 15 miles which has all of the businesses that this listing has.
External Marketing-all current business is from walk-in and referrals.
The business was started in 1990, making the business 32 years old.
The transaction won't include inventory valued at $20,000*, which ins't included in the requested price.
The building is leased by the business for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 absolutely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or an array of various other reasons. This is why it is very essential that you not depend totally on a seller's word, yet rather, use the vendor's response along with your total due diligence. This will repaint a more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new clients? Most times, businesses have repeat consumers, which create the core of their day-to-day earnings. Particular aspects such as brand-new competitors growing up around the location, road building and construction, and staff turn over can impact repeat consumers and adversely affect future profits. One important thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local median house income influence future revenue potential?