Bakery - Spencer, Iowa - Motivated

IA

The Business Brokers, Inc.

Asking Price:$360,000

Cash Flow:$133,874

Gross Revenue:$281,835

EBITDA:N/A

FF&E:$115,000

Inventory:$30,000

Real Estate:$125,000

Established:1928

Bakery - Spencer, Iowa - Motivated

Get Financing Save Print Share Valuation Report

Business Description

Carroll’s Bakery, located in Spencer, Iowa has been voted the #8 Sweetest Bakery in the U.S. They have also received the number one rating on Google for The Best Bakery in America.

There has been a bakery in this location in Spencer since 1928 and the current owners are planning their retirement.

It takes planning and the right ingredients to make a great cake, pie or any other dessert. The same principal applies in selling a bakery to the right buyer. The current owners are looking for an honest, hardworking, motivated individual that will take pride in the long history of baking specialty items for the community. With the training received from the current owners, a new individual can step into a successful business with less cost and worries than if trying to start a new company.

Do you have what it takes to continue the Carroll’s Bakery tradition? Please contact Russ Harrison at rharrison@tbbinc.com or by phone at 515-306-5141 for more information.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Traditional bakery facility that has regularly had equipment updates. Real Estate also includes two apartments on the second floor that are continually rented.
Growth & Expansion:
Growth and Expansion includes: - Offering deli sandwiches - Provide catering service - Develop wholesale accounts - Offer pre-made foods for pick up that can be cooked at a later date - Add an additional location at a neighboring recreational area - Capitalize on the fresh made food trends that have less preservatives - Increase store hours
Support & Training:
The sellers are willing to train the buyer in the art of making pastries. The sellers will also remain for a period of time for a smooth transition.
Reason for Selling:
Retirement

Listing Statistics for Premium Members

Ad#:1282615 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Mike Schoville

Business Listed By:
Mike Schoville

The Business Brokers, Inc.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Coffee Icon

Franchise Opportunity
Capital Required: $150,000