Profitable Wedding Cake Bakery/$290K Gross/$60,000 EBITDA

Mckinney, TX (Collin County)

Profitable Wedding Cake Bakery/$290K Gross/$60,000 EBITDA
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Asking Price: Get Financing: $130,000

Cash Flow: $60,000

Gross Revenue: $290,000

EBITDA: $60,000

FF&E: $30,000

Inventory: $2,000

Lease Rate: $3,800 /SF/Month

Established: 2007

Profitable Wedding Cake Bakery/$290K Gross/$60,000 EBITDA

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Business Description

Profitable Wedding Cake Bakery/$290K Gross/$60,000 EBITDA

Profitable Wedding Cake Bakery/$290K Gross/$60,000 EBITDA

This Bakery has a storefront in a premier location in Collin County. Since being established in 2007, they have grown substantially, roughly 15% year over year and have built lasting relationships with Wedding Planners in both the local and surrounding DFW Metroplex area. Along with their great reputation they have the ability to custom create any design and flavor cake to suit the Bride & Groom for their special occasion. With a team of highly skilled and talented staff, there are many growth opportunities as the new owner will happily see. Complete with a storefront displaying ready to eat and take away treats, this bakery has been in the same building for 6 years and enjoys a nice "walk-in" business as well.

The current owner is leaving behind a thriving, well respected legacy and efficient business for the new owner to build on for years and years to come. SERIOUS INQUIRIES ONLY AS THIS WILL SELL FAST!!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
2/28/2019
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
LOCATION, LOCATION, LOCATION!!
Competition:
There is competition in the area but the Team has a great reputation for their custom designs and ability to bring the customers vision to light.
Growth & Expansion:
At this time, growth is limited due to the space. However, the lease will be up in Feb 2019 and a new owner will have the opportunity to move to a larger facility if they want to expand business significantly.
Support & Training:
The current owner is willing to stay and assist the new owner with learning the products, the staff and the business as it is consistently growing and expanding.
Reason for Selling:
Owner ready to stop and smell the roses
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Contact the Seller

(from currently available funds)
 
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Brian Hatton

Business Listed By:
Brian Hatton

MDR & Associates

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Sponsoring Broker:
Michael D. Rubin

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