Established 100 year old successful Bakery (2 locations

Philadelphia, PA (Philadelphia County)

Established 100 year old successful Bakery (2 locations

Asking Price:$300,000

Cash Flow:$140,000

Gross Revenue:$797,000

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Established:1923

Established 100 year old successful Bakery (2 locations

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Business Description

#1 location Established, turn-key, Bakery (1.6 million daytime employees and 1.5M residents). In this upscale area of Center City Phila. Business was recently purchased and has transitioned into an operating profitability of 10% growth for last three years, and continues its trend up.
The finest Cakes, Pastries, and Cookies using century old recipes that have been a Philadelphia Tradition for over 85 years. Business is driven by its specialty cake business and has relationships with many event planners.>the bakery enjoys a significant pastry and cookie business. Rated 4 on Trip Advisor. Seating for 10 and serving coffee (expresso etc). Business will exceed $800k in 2015. Long time head chef having been at the bakery has no intention of leaving. Seasonal specialties, beautiful presentations, and wrappings. Pictures of entire operation available.Surrounded by Restaurants, offices, condos and apartments...quite frankly it is a fantastic location!!
YELP 4* Rating.
2000 likes on Facebook and 4000 followers on Instagram

#2 location located in Historic Phila, with no Competition in surrounding area. Cafe Bakery(3.9 million tourists a year,10,000 permanent residents) Beautiful build out, @300K. Pictures available. Cafe with a fully equipped Bakery
Over 2000 followers on social media for both stores.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Walk in Freezer Walk in Refrigerator Several Butcher Block workspaces Reach In Refrigeration Chest Freezer 3 Compartment Sink Handwashing Sinks Platform Rotating Oven Pizza Oven 30 quart Hobart 60 quart hobart 80 quart Hobart Dry Case Refrigerated Case Coffee Maker Espresso Machine Espresso Machine Grinder Ice Machine POS Seating Computer Printers Bread Slicer Smallwares Description Walk in with outdoor mounted compressor Walk in with outdoor mounted compressor 2x 3 door refrigerators & 1x 2 door refrigerator 15 Sheet tray capacity 4 deck Blodgett Oven 2x dry cases 2x Leader refrigerated cases Fetco single drip model La Spaziale Compact (2 groupheads) Mazzer Jolly Electronic Undercounter Manitowoc Square system with ipads, receipt printers, and cash drawers 1x all in one printer & 1 food coloring printer for cakes Everything needed for a bakery
Competition:
90 years in business! Favorable leases
Growth & Expansion:
New sister store in great location 17 blocks away, Historic area, No competition. fully equipped and expanded kitchen facilities.Signature items brings customers from all over the city and surrounding areas, including New Jersey
Support & Training:
Yes
Reason for Selling:
Moving to Washington D.C.

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Judy Sweeney

Business Listed By:
Judy Sweeney

WESTPORT BUSINESS BROKERS

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