Profitable and Well-Established Custom Bakery for Sale.

Charlotte, NC (Mecklenburg County)

Profitable and Well-Established Custom Bakery for Sale.
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Asking Price: Get Financing: $99,000

Cash Flow: $44,000

Gross Revenue: $384,000

EBITDA: $44,000

FF&E: $85,000

Inventory: $5,000

Lease Rate: $21 /Year

Established: 2009

Profitable and Well-Established Custom Bakery for Sale.

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Business Description

SIGNIFICANT PRICE REDUCTION BY A MOTIVATED SELLER WHO WILL CONSIDER ANY REASONABLE OFFER BY A QUALIFIED BUYER!!!! Seller needs to sell at this time due to increasing, and somewhat unexpected, family responsibilities! The business has been profitability for nearly nine (9) years, and is highly-recognized as one the top bakeries in the Charlotte Metro Area. The company has won many awards and recognitions, and it provides beautiful and delicious cakes, cookies and cupcakes, desserts, pastries, and other bakery delicacies for a wide-range of personal and corporate events, ranging from elaborate weddings to corporate meetings and parties. Bakery products are made daily at its highly-visible and easily-accessed retail store, thereby providing for consumer sales of fresh bakery items. Consultations for weddings and events are also conducted at the store allowing employees to graphically show customers and clients the bakery process and various products. Custom-prepared perfection and complete customer satisfaction represent the hallmark philosophy of this award-winning bakery!! The company uses social media as an important part of its marketing strategy, and it has thousands of followers on its Facebook page! The company’s equipment has recently been updated and replaced and is in very good condition. The store is inviting with its cheery and colorful décor, and it is located in a major regional shopping center and on a major road with easy access and abundant parking. Included in the sale will be various recipes, some proprietary, the website and social media platforms, and the business name with its related goodwill and name branding. This business is perfect for someone with bakery experience and/or a baking passion or an existing area bakery which wishes to expand and increase market share. The business is very reasonably priced at only 26 cents per $1 of sales and at only 2.3X current seller discretionary cash flow!! A new owner may well be able to work more in-store hours which would reduce payroll and increase company profitability and cash flow. CALL or E-MAIL TODAY while this strategically-positioned and profitable well-known custom bakery is still available at a very reasonable price!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
9/1/2019
Employees:
1 F-T, 9 P-T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business has been operating from this store location since it opened in 2009. The equipment has recently been replaced and upgraded and is in excellent condition. The store has approximately 1,400 SF and is well laid-out. The store is decorated very colorfully and cheerfully which enhances the appeal/attraction of a modern and fresh bakery. The lease for the operating premises has two years remaining on the present term, and there is a renewal option which provides for five (5) more years at a fairly reasonable rate for such a popular regional shopping center. The lease would probably be available to a qualified buyer through a proper lease assignment by the landlord.
Competition:
There is limited competition from other bakeries in the general market area, particularly for high quality custom-ordered bakery products. In addition, the company’s stellar reputation for quality and excellence service provides some insulation from the competition. Furthermore, the company’s expansive use of social media provides it both an effective platform for staying in regular touch with its customers and followers and an effective medium for advertising current happenings and its current bakery specials.
Growth & Expansion:
There is room for profitable growth with continued practices as the demographics of the area continue to improve and expand. A new owner could also introduce new services and venues. For example, a delivery service within a manageable and controlled area could be introduced. In addition, a new owner may want to have an afternoon dessert special and possibly get a wine license for late afternoon “happy hour” from 4-6pm including a glass of wine with some bakery items such as cookies and pastries.
Financing:
Limited seller financing possibly available to a qualified buyer.
Support & Training:
Seller will give buyer sufficient raining as part of the sale. In addition, the seller will give buyer full support and assistance to provide for a smooth and seamless transition into the business. The employee staff are very experienced and capable of operating the business to a great extent themselves, and they will offer a new owner very capable assistance during the transition. The seller is very interested in a new owner succeeding in the business.
Reason for Selling:
Expanding family responsibilities are requiring that the owner sell now!!
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(from currently available funds)
 
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Buff Moore

Business Listed By:
Buff Moore

CFC, Inc.

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