Business Overview

Offering over 100 delicious types of authentic Italian cookies and pastries including incredible amaretti, butter, biscotti, kolacky and sandwich cookies along with scrumptious cannolis, sensational tortes and beautiful cakes. Specializes in sweet tables and custom cakes!

In addition to wholesale accounts, customers can also stop in or shop online for a box or tray for pick up or shipping. Currently only shipping cookies and making an effort to also ship their pastries soon.

Desserts and catering for every occasion or celebration including baptisms, communions, confirmations, graduations, birthdays, showers, weddings, anniversaries, business functions, holidays, parties and more. Make great gifts too!

Presently over 80% of the business is wholesale (distributors, restaurant depot, restaurants, banquet halls, wedding venues, event centers, hotels, grocery stores and more).

2021 sales up over 27%! Just started doing online orders in 2020!! Expect sales to continue to increase as online orders continue to increase!!!

Well established over 41 years. Family owned and operated with the same owners for 41 years.

Asking price includes business, property and 2 refrigerated delivery trucks.

Location: Prime corner retail space in a freestanding building on a major commercial thoroughfare lined services office buildings as well as many other regional and local retailers. Benefits from over 19,500 vehicles per day. Also surrounded by many homes.

Perfectly situated in a wonderful community on the northwest side of Chicago.

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Listed By Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

Financial

  • Asking Price: $2,075,000
  • Cash Flow: $325,134
  • Gross Revenue: $2,013,382
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $25,000
  • Inventory Included: N/A
  • Established: 1981

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:7,005
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

One story freestanding masonry building built in 1956. Employee parking for 15, plus easy street parking for customers. On 12,908 sqft or .3 acres. Building Class = C. Zoning B3-1. Total of 7,911 sqft with 906 sqft leased out to the same tenant (a pizzeria) since 1971, currently paying $1,550/mth + utilities (water, gas, electric). Tenant’s current lease expires Sep 2023 with one 2-year option. Real estate taxes $37,871. Square Feet: 7,005 Seating: 0. Days/Hrs of Operation: Mo-Sa 8a-3p (Closed Sundays). Owners Role: Owner operated. Brother and sister team that oversee the operation, but are not bakers themselves. Value of FF&E: Included In Asking Price (Valued at $200,000).

Is Support & Training Included:

Two weeks on-site comprehensive training. More training available at an additional cost.

Purpose For Selling:

Retiring.

Pros and Cons:

Chicago’s number one Italian bakery since 1986. A premiere Italian bakery. A true Chicago Italian family bakery. Old school recipes. High quality products. Use only the finest ingredients available. The perfect textures and consistency. Everything made fresh. Offer a large variety - a tasty assortment - huge selection - a lot of hard-to-find sweets. Gorgeous desserts. Traditional cookies and pastries just like Nonna used to make. Also, a lovely retail shop. Top notch. The friendliest staff. The most talented decorators. Phenomenal crew. Amazing customer service. So friendly and knowledgeable. Exceptional attention to detail. An ultra-organized and clean facility. Seriously the best! So many rave reviews - awesome, beautiful AND delicious, exceed expectations, expertly made, fabulous, heaven, impressive, mouthwatering, out of this world, spectacular, unbelievable and so much more! Rated 5.0 TripAdvisor, 4.9 The Knot, 4.9 WeddingWire, 4.8 stars Google, 4.8 Facebook, 4.7 Restaurantji, 4.5 Yelp.

Opportunities and Growth:

Originally started as a gelato café in 1981 and grew into a highly successful baking facility. Currently the number one source for outstanding Italian cookies, pastries and cakes! Also, a staple in the community. A favorite from near and far. The “go’to” bakery for all pastry and sweet needs. Best bakery in town. Hands down the best Italian desserts in the city. The best selection of authentic Italian sweets found anywhere in Chicago. The only bakery to go in Chicagoland. Simply the best in Illinois. Tons of regulars for generations. Loved by all. The real deal. A rare gem. Highly rated and recommended, great reputation to continue to build upon!

Additional Info

The business was founded in 1981, making the business 41 years old.
The sale shall not include inventory valued at $25,000*, which ins't included in the listing price.

The company has 20 employees and is located in a building with estimated square footage of 7,005 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell companies. Nevertheless, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is extremely crucial that you not count entirely on a vendor's word, however rather, make use of the seller's response together with your total due diligence. This will repaint a more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that profit margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new consumers? Most times, businesses have repeat consumers, which create the core of their everyday profits. Particular aspects such as new competitors growing up around the area, road building, as well as staff turn over can influence repeat consumers and adversely influence future earnings. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the possibility to build a returning customer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the local mean house income influence future earnings prospects?