Listing ID: 81429
Located right on the main street of downtown Shelbyville, IN, this charming bakery has been in business for decades delighting generations with their made-from-scratch/ secret recipes of donuts, pastries, custom-decorated cakes and treats. Now you can own your very own pastry/donut shop, also serving lunch and teas/coffee. There’s room for special events and parties in addition to plenty of dine-in space in the historic 2 story brick building that houses the bakery(the real estate is being sold along with the business). The owner will stay on for a time to pass on recipes and techniques and to train the new owner.
In 2021, the bakery was open Tuesday – Saturday, 10 hours per day. Average daily customer count was 125 for Tuesday – Thursday and 225 on Friday and Saturdays.
- Asking Price: $650,000
- Cash Flow: N/A
- Gross Revenue: $539,536
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:9,280
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
The company has 11 employees and resides in a building with disclosed square footage of 9,280 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell companies. Nevertheless, the true factor vs the one they say to you might be 2 completely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or an array of other factors. This is why it is very essential that you not count entirely on a vendor's word, however rather, utilize the vendor's answer together with your total due diligence. This will paint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new customers? Most times, companies have repeat clients, which develop the core of their daily revenues. Specific elements such as new competition growing up around the area, road building, and staff turn over can impact repeat customers and adversely impact future revenues. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the local average house income impact future earnings prospects?