Great Harvest Bread Co.

Spokane, WA (Spokane County)

Seller Financing Available
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Asking Price: Get Financing: $335,000

Cash Flow: $122,255

Gross Revenue: $568,000

EBITDA: $140,318

FF&E: $35,000

Inventory: $5,000

Lease Rate: $5,100 /Month

Established: 1980

Great Harvest Bread Co.

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Business Description

Be a part of Great Harvest History

Consider owning the 1st franchised store EVER. This store has been a community landmark since 1980 (nearly 40 years strong) and has a great loyal customer base that continues to grow. As a result, enjoy the lowest Royalty rates anywhere in the Great Harvest network.
This Bakery/Café store boasts a wide-open look and feel that draws the customer into the baking process as they become intimately associated with every step of the baking process. Since taking ownership, we have made extensive facilities upgrades and lobby remodeling that invigorated the look and feel of the bakery. Digital signage was deployed to streamline menu updates and add a modern touch to the bakery.
The Spokane WA community has long embraced the presence of the Great Harvest Bread Co., in particular the “South” Hill where the store is located boasts the highest income demographic of the Greater Spokane Area and is near busy retail and Healthcare districts that constantly draw new customer demographics to the store.
The key to success as we’ve seen is high-quality products and a customer service experience they remember. Delivering on these points has yielded great benefits as we are seeing strong year-over-year growth that projects well into the future. In addition, the on-line delivery/catering presence continues to grow and has room for substantial growth.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,889
Lease Expiration:
9/20/2021
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building, Rear-Loading Dock, Oven, Mixers (140 Qt, 60Qt, 20Qt), Large Walk-In refrigerator, Wheat Mill (12"), Racks galore, Counters, Tables/Chairs for 40+,
Growth & Expansion:
We have a regular presence in several Farmer’s markets, regional shows/conventions/tasting-events, and other venues for distributing our products but there are many additional Shows/Markets that we aren't a part of yet. There are several well-established wholesale accounts with more opportunities to partner within the community. In addition, two additional store locations have been fully profiled (HWY 2 on the North Side and East toward the Valley near Millwood), with Northside location having greatest potential.
Financing:
Seller willing to consider financing, will discuss terms.
Support & Training:
Owner will work hand on with incoming buyer for 1 month of side-by-side training. In addition, you'll be provided Corporate training support and attend their bread/sweet/sandwich school in Dillon MT.
Reason for Selling:
Other career opportunities
Franchise:
This business is an established franchise
Business Website:
http://spokane.greatharvestbread.com/
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Business Listed By:
Trevor Plaisted

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