UNDER CONTRACT-Turnkey Multi-Location Retail Bakery in Albuquerque

Albuquerque, NM (Bernalillo County)

Over the last few years, this business has doubled in size! (Stock Photo)
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Asking Price: $575,000

Cash Flow: $164,900

Gross Revenue: $1,001,240

EBITDA: $89,000

FF&E: $119,900

Inventory: $5,000

Rent: $5,749.80 /Month

Established: 2012

UNDER CONTRACT-Turnkey Multi-Location Retail Bakery in Albuquerque

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Business Description

UNDER CONTRACT-Turnkey Multi-Location Retail Bakery in Albuquerque

Creativity and quality have made this specialty retail bakery into an Albuquerque icon. Sales have consistently gone up each year, customers are loyal, and the local and national media sing its praises. The bakery has been recognized with multiple awards and reader polls “Best of” honors.

Work part or full time in this business. Strong procedures, processes, and proven products are in place. The current owner spends between 20 to 25 hours per week in the business, leaving it to the general and assistant managers to handle most of the day-to-day activities.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,107
Lease Expiration:
5/31/2021
Employees:
13 FT, 12 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two convenient shopping center locations in high-density areas. Both have fully equipped commercial kitchens.
Competition:
This business has experienced steady year-over-year growth. Quality ingredients, vegan and gluten-free options, and a creative and consistently refreshed menu constantly changing menu distinguish it from the fast food chains.
Growth & Expansion:
The Seller has identified several strong opportunities to grow this business. Details can be share upon receipt of the NDA.
Support & Training:
No baking experience needed. Seller will provide up to three weeks of training during the transition phase. Details to be negotiated.
Reason for Selling:
Seller will pursue non-competing interests.
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Michael Greene

Business Listed By:
Michael Greene

Sam Goldenberg & Associates

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