Listing ID: 84161
Business Overview
Landmark bakery and cafe with real estate included. Located in one of Cape Cod’s most desirable communities, this business is ripe for continued growth.
The bakery was started in the early 70’s and has been under present ownership for nearly two decades. Offering 16 seats and patio seating outside, the location thrives as a counter service , to-go style eatery. The business proved it is also “pandemic proof” by the quick service nature and minimal impact on annual revenue.
There is future growth in expanding hours and increasing efforts on the wholesale side of the operation. Ownership will provide training with sale and transition over its years of baking knowledge. Bring your concept or continue running under the present brand!
Financial
- Asking Price: $799,000
- Cash Flow: $112,000
- Gross Revenue: $675,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2006
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,040
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
2000 SF on ground floor, additional 1,000 SF in the basement
30 days post/pre close, negotiable thereafter
Ownership retiring
Little national competition other area competitors
expand hours/increase wholesale efforts
Additional Info
The company was founded in 2006, making the business 16 years old.
The company has 12 employees and is situated in a building with disclosed square footage of 2,040 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. However, the genuine reason vs the one they say to you may be 2 entirely different things. As an example, they might say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or a variety of other factors. This is why it is really important that you not depend totally on a vendor's word, but rather, utilize the vendor's answer in conjunction with your general due diligence. This will paint a more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too small. Numerous businesses come 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new customers? Often times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Certain factors such as new competition sprouting up around the area, roadway building, and also employee turnover can impact repeat clients as well as adversely affect future incomes. One essential thing to think about is the placement 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 often, the greater the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional average home earnings effect future earnings potential?
