Seller Financing Available

Asking Price:

$99,900

Gross Income:

$290,000

Cash Flow:

$45,000

EBITDA:

$45,000

FF&E:

$45,000.00 *

Inventory:

$4,000.00 **

Real Estate:

N/A

Year Established:

2006

Employees:

5 (excl owner)

Business Types:

Other Food Stores
Food and Kindred Products

** not included in the asking price

* included in the asking price

Business Description

PRICE JUST REDUCED $20k. Seller is motivated!

This is a good opportunity to own your own retail and custom bakery in SW Riverside County. This business is a well-established operation with an outstanding reputation for quality and service. The online reviews show very high customer satisfaction. There main focus is on specialty cakes and desserts for retail, but there is also limited commercial activity and significant interest for new commercial account development.

The growth potential is very high, and can be achieved with additional product lines, commercial accounts and expanded hours. The owner is an accomplished pastry chef, and can stay on to assist in the transition for up to a month. Staff members are competent and customer service oriented. The company could be relocated after 12 months if a buyer desires to expand the retail operation further.

Ideal buyer candidates have experience in the baking business, and possess a desire to own and operate their own concern. Owner is selling because 26 years in the business is a long time, and the owner desires to spend more time with family.

Detailed Information

Facilities:

Facility: 2135 sq. ft. Lease: $2,882 per month Expires: 6/30/2013 (+ 2 yr option)

Competition:

The market is competitive, but the business has advantages in pricing and reputation.

Growth/Expansion:

The business can grow through additional networking, advertising, new product offerings, extended hours and pursuit of commercial accounts. There is already significant interest on the part of a few key commercial accounts that could really help take this firm to the next level

Financing:

Owner may offer limited financing for well-qualified buyer

Support/Training:

4 weeks @ 32 hours / week

Reason Selling:

Other business / personal interests

Broker Information

Gregory DiCristina

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