Listing ID: 82619
This nationally-known neighborhood bakery franchise makes mouth-watering fresh bread and delicious goodies baked every morning. By mid-morning the early coffee groups transition into bustling lunch patrons and sandwiches, soup, and salads are prepared by an attentive and personable staff. The business prepares take-out and online orders and has a seating capacity for thirty (30). It also boasts a wholesale business selling into local restaurants, brewpubs, and event caterers. The Summer Farmers’ Market, Holiday Gift Baskets, and the bi-annual legislative calendar all add to sales. Sales have grown every year from 2013 through 2019, flat in 2020, and current results reflect a return to growth in 2021.
- Asking Price: $265,000
- Cash Flow: $93,628
- Gross Revenue: $557,912
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $16,015
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The bakery operates out of a modern, 2300 sq. ft. stand-alone single-story building with a paved parking lot, located near major traffic artery's. Kitchen equipment, prep areas, and mechanical equipment have been updated, including solar power. Picnic tables and bistro tables are located outside for seasonal use.
Will train for 6 weeks. @ $6,500. Experienced restaurant management skills plus a passion for baked goods and the culinary arts.
Built this business from scratch since 2012 and are ready for new opportunities.
Competition is moderate for its location, yet a history of the bakery's success attests to the competitive advantages of its franchise menu, the quality of its food, and level of service. Results during the pandemic have shown the strength of the bakery's competitive position in the Helena market.
Building on the bakery's past success, a new owner is only limited by his or her imagination. The location would allow for experimentation in special events, especially for community meetings and political gatherings. The growth of Helena will bring additional wholesale customers and opportunities.
This Business Is An Established Franchise
The venture was established in 2012, making the business 10 years old.
The deal will include inventory valued at $16,015, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 completely different things. For instance, they may state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of other factors. This is why it is extremely essential that you not count entirely on a seller's word, yet instead, utilize the seller's response combined with your general due diligence. This will repaint an extra realistic image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can mean that earnings margins are too thin. Numerous 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 additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new customers? Many times, operating businesses have repeat clients, which develop the core of their day-to-day profits. Certain variables such as new competition sprouting up around the area, road building and construction, and employee turn over can influence repeat clients and also adversely impact future profits. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the chance to construct a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood average home earnings impact future income prospects?