Profitable Turnkey Bakery / Cafe ---- Price is below appraised value!

Spokane County, WA

Profitable Turnkey Bakery / Cafe ---- Price is below appraised value!
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Asking Price: Get Financing: $399,900

Cash Flow: $161,000

Gross Revenue: $745,000

EBITDA: N/A

FF&E: $57,000

Inventory: $9,553

Lease Rate: $12 /SF/Year

Established: 2016

Profitable Turnkey Bakery / Cafe ---- Price is below appraised value!

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Business Description

Profitable Turnkey Bakery / Cafe

Family friendly bakery / cafe on main street in a small eastern Washington town located 15 minutes from Spokane. Newly renovated, full kitchen facility serving great in house prepared foods and fresh baked goods. A crew of experienced employees is in place to run the day to day operations. Perfect for an owner/ operator or individuals wanting to include family. Bakery Cafe is supported by the local community and also draws from the surrounding area. Price is below appraised value and 2018 sales and profitability are both up significantly!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility has 3,000 square feet of newly renovated building with lease or opportunity to purchase real estate. The kitchen is fully equipped with type 1 hood, 2 gas flat tops, 6 burner gas stove-top, gas fryer, Blodgett gas convection oven, Bakery Pride stone deck oven, walk-in cooler, proofer with numerous reach-in coolers and freezers.
Competition:
The Company is the only cafe serving breakfast in the area. Competition is one pizza shop, one Mexican food restaurant and two sandwich shops. The competition is open for lunch and dinner only. There is no competition for the Company's home cooked good food provided in a beautiful comfortable sit-down atmosphere.
Growth & Expansion:
Currently the business is open for breakfast and lunch only. A new owner could expand business hours for dinner operation and add beer and wine for increased revenue. The bakery could start producing product for wholesale customers and or farmers markets. A large internet retailer is building a massive distribution center less than 4 miles away from the cafe which will increase demand significantly.
Support & Training:
The current owners will train for two weeks at no cost to new owners. Restaurant knowledge, management, ordering and inventory management skills would be beneficial for a new owner to have but current owner and staff will train. Several key employees are working as supervisors and can help new owners transition quickly with ease.
Reason for Selling:
Relocating
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Brett Smith

Business Listed By:
Brett Smith

Griffiths, Dreher & Evans, PS, CPAs

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Sponsoring Broker:
Thomas Griffiths

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