Listing ID: 80281
This international supermarket and bakery for sale was established 8 years ago. Front of the store is the global supermarket, full of goods from Eastern Europe, Middle East and Asia. Back of the shop, which is completely separated, is a bakery which has an entrance/exit through the back door. This section is being used to make FRESH bread daily which is sold B to C and B to B. I watched them make the fresh and delicious bread, with no preservative & no additives that I purchased. I will be a repeat customer. Well, that is the sentiment of many repeat customers.
The previous owner had a deli there and was doing catering & selling pizza. It has a full kitchen equipped with a grease trap & a hood.
The seller’s kids are grown and Americanized and typical millennial who are more attracted to IT and other fields & don’t want to work at the shop or help with the bakery. His wife has health issues, so it is time to sell.
It has a 5 year lease and you can get an additional 5 year option. You can also do pizza & deli business in the back again. He does not advertise. It is ALL word of mouth business. There is plenty of parking and it has an easy access to get in & out.
The mark up on the bakery is 50 to 75%. Yes, and overall the mark up is 50% of the total sales on average.
If you are a serious buyer and want to be part of a growing international grocery & bakery industry and have some seed money to invest and want to be independent and call your own shots, well, complete the attached 2 page buyer form and email it to Nick@nbb-web.com.
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- Asking Price: $98,000
- Cash Flow: $91,000
- Gross Revenue: $281,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $80,000
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,380
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This business for sale is located in a prime location. The facility consists of approximately 1,380 sq. ft.Long term lease is available. Rent is below the market rate for its location.
Seller will provide sufficient training to ensure a seamless transition. Also amenable to a long-term consulting agreement.
Wife has health issues
Minimal competition and none in close proximity to the business.
You can offer Pizza, deli & catering to more than double the business.
The venture was started in 2012, making the business 10 years old.
The sale shall not include inventory valued at $80,000*, which ins't included in the requested price.
The business has 2 employees and is situated in a building with estimated square footage of 1,380 sq ft.
The property is leased by the company for $1,750 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. For instance, they may say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is really vital that you not rely totally on a seller's word, but rather, utilize the vendor's answer in conjunction with your general due diligence. This will paint a much more practical image of the business's existing 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. Many operating businesses borrow money in order to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too thin. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in brand-new customers? Many times, companies have repeat consumers, which form the core of their daily profits. Specific factors such as new competition growing up around the location, roadway construction, as well as personnel turnover can affect repeat consumers as well as negatively influence future earnings. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to build a returning client base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the local median house earnings influence future earnings prospects?