Beach Bakery in Prime Location

OR

Beach Bakery in Prime Location
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Asking Price: Get Financing: $525,000

Cash Flow: $170,000

Gross Revenue: $560,000

EBITDA: $48,500

FF&E: $119,000

Inventory: N/A

Lease Rate: $32.91 /SF/Year

Established: 1960

Beach Bakery in Prime Location

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Business Description

Here's the opportunity to live your dreams at the beach! This is a well-established bakery in a popular Pacific coast tourist town. Full line of scratch bakery products featuring Danish pastries, breads, pies, cookies, all-occasion cakes, plus deli and espresso. This needs to be your first stop in Cannon Beach! Watch the video at https://www.youtube.com/watch?v=RqKzZ-Hm2fA

Detailed Information

Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Welcoming, attractive storefront in a prime location, built in 2004 and in excellent condition. Includes private parking lot and long-term lease.
Competition:
Location, Location, Location! This is the only full service bakery within 25 miles, and is right on the main shopping boulevard of Cannon Beach.
Growth & Expansion:
Mail order expansion is the largest growth opportunity, along with the possibility of providing wholesale bakery items to local restaurants and tourist shops in the town and in the surrounding county. Adding gluten-free and vegan products to accommodate healthier eating habits is another opportunity for expansion.
Support & Training:
Buyer must have bakery and baking experience. Owners and staff will provide up to six months of training.
Reason for Selling:
Retirement
Business Website:
http://cannonbeachbakery.com
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Diana Sullivan

Business Listed By:
Diana Sullivan

The Quincy Group

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Sponsoring Broker:
Fred Canada


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