Successful Franchised Cafe / Bakery

Portage, MI (Kalamazoo County)

Seller Financing Available
Successful Franchised Cafe / Bakery
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Asking Price: $220,000

Cash Flow: $77,000

Gross Revenue: $610,000

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Rent: $3,800 /Month

Established: 2005

Successful Franchised Cafe / Bakery

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Business Description

Money-making 15 year history for this ownership couple, enjoying the fruits of their labor while watching their business grow. Having averaged $610K gross sales with a mix of retail and thriving wholesale revenues, this nationally branded franchise location is wonderfully profitable. This store offers delicious baked goods, ‘made from scratch’ and a wide array of other freshly produced products daily. Their coffee products are highly rated – voted better than any competitive, similar operation.

The staff is very professional, courteous and service-minded … most are willing to remain on board after closing the transaction. With a consistent, positive cash flow / SDE (seller’s discretionary earnings) of $77,000, accented by attractive FF&E and extensive assets with a fair market value of $200,000 in place, the owners are asking for $220,000 for this Portage., Michigan location. Some Seller financing possible. For further information please call Ken George at 616.648.1132 or email kg@vanguardmidwest.com

Detailed Information

Location:
Portage, MI
Real Estate:
Leased
Building SF:
2,322
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Expansion is encouraged by Franchisor, who is very helpful in all aspects of running the business.
Financing:
Negotiable
Reason for Selling:
Different family business has been inherited
Franchise:
This business is an established franchise
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Ken George

Business Listed By:
Ken George

Vanguard Business Brokers

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