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Bakery and Sandwich shop just north of SLC

Davis County, UT (Relocatable)

Seller Financing Available
Bakery and Sandwich shop just north of SLC
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Asking Price: $87,000

Cash Flow: $49,586

Gross Revenue: $277,448

EBITDA: N/A

FF&E: $79,500

Inventory: $10,000

Rent: $1.30 /Month

Established: 2012

Bakery and Sandwich shop just north of SLC

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Business Description

REDUCED!! Established local bakery/sandwich café located in a wonderful area. The cafe has a fabulous location on a main street. The business has a 2018 gross yearly income of $277,000 and a consistent net income of $49,000 with add backs. The cafe recently had a new build out costing 65,000 which is paid in full for the new owner. The shop provides delicious pastries, breads, and homemade soups to its patrons since 2012. Business fixed assets have an estimated value of approximately $75,000 which is based on equipment and fixtures replacement cost. This cafe presently has 12 workers who are unaware of the pending sale and fully expected to remain post-closing The business is operational six days weekly with hours from 7:00 am to 7:00 pm. This is an opportunity representing a wonderful business and a dependable income. Please do not disturb business. The sale is absolutely confidential and all viewings are by appointment only.

Detailed Information

Location:
Davis County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
10/1/2021
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
There are other casual dining options in the area; however, this cafe is unique due to its large selection of homemade soups, sandwiches, and delicious pastries.
Growth & Expansion:
Delivery and catering are huge opportunities to expand the business. Downtown SLC is less than 10 minutes away. Delivery service and catering offer an endless opportunity with the Downtown SLC market and Hotels.
Financing:
Owner says make an offer
Support & Training:
The owners have committed to provide 2 weeks of training (at no additional cost) and will provide a non- compete with the closing paperwork. Owner will provide additional training/support with a negotiated consultation fee.
Reason for Selling:
Owner is Retiring
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Kaila Briscoe

Business Listed By:
Kaila Briscoe

Pinnacle Business Brokers

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