Hiland Bakery

Des Moines, IA (Polk County)

Hiland Bakery
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Asking Price: $120,000

Cash Flow: $35,000

Gross Revenue: $250,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $80,000*

Established: 1946

*not included in asking price.

Hiland Bakery

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Business Description

Hiland Bakery located at 3615 6th Avenue is considered by many as a Des Moines landmark in regards to the “bakery you need to go to”

Established in 1946 by Gus and Martha Martenson, the Martenson family has remained throughout the years with sons Brian and Gary running the operation through 2019. This operation is located in the Highland Park area on 6th avenue across the street from Chuck’s Italian restaurant and next to Highland Park Hardware both long time standards in the area.

The sale of this business includes all equipment, recipes, the name and the fantastic tradition and goodwill that go along with Hiland Bakery. Also included and crucial is the training by the Martinson family during transition.

Detailed Information

Location:
Des Moines, IA
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
5
Facilities:
Located at 3615 6th Avenue in Des Moines. The property is currently being utilized at approximately 60% with 40% available for a sitting area or any other opportunity that the new owner can utilize to their liking.
Growth & Expansion:
The hours of the bakery are presently Tuesday through Friday, 5AM to noon. The bakery is also closed for 2 weeks twice a year. This means they are closed approximately 6 months of the year. Expansion of hours and days open coupled with utilizing the unused 40% space could really bolster the revenue of the operation.
Support & Training:
Owner will stay on to aid in smooth transition.
Reason for Selling:
Retirement
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Al Lorenzen

Business Listed By:
Al Lorenzen

The Business Brokers, Inc.

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