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Very Profitable; Absentee Owned; 35+ Yr Old Bakery

Los Angeles County, CA

Seller Financing Available
Bakery
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Asking Price: $350,000

Cash Flow: $138,000

Gross Revenue: $520,000

EBITDA: N/A

FF&E: $300,000

Inventory: $10,000

Rent: $4,000 /Month

Established: 1982

Very Profitable; Absentee Owned; 35+ Yr Old Bakery

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Business Description

VERY PROFITABLE ABSENTEE OWNED (Founder/owner works 5-10 hours per week) 37-YEAR OLD Bakery with huge growth potential!!
Currently produce cookies, cakes, pastries, bread and other food and sell through catering services, wholesaling to other bakeries and a beautiful retail location in a growing part of the LA area. Currently cookies, cakes and pastries account for about 70% of sales and the retail location accounts for 70% while catering and wholesaling only account for 15% each. All employees will stay with new owner!! HUGE GROWTH POTENTIAL to grow the catering and wholesaling side of the business!!! Additional growth ideas are to advertise using social media (little done now), utilize other advertising, open other retail locations due to higher profit margins!! Bakery only operating at about 30% of capacity for production. All equipment in excellent condition (approximately $300,000 of FF&E included in sale). NO COMPETITION CLOSE to the retail outlet!! MOSTLY ABSENTEE run as owner currently works 5-10 hours per week. GREAT MARKET LEASE available as Owner owns the building. Owner must sell as her son has joined the professional tennis tour and she must travel with him!! Owner will train for up to 30 days and then offer up to 3 months of consulting via phone. OWNER WILLING TO FINANCE up to 50% of the deal based on offer and buyer!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful retail location in growing area. Bakery and equipment in excellent condition with over $300,000 in equipment that is included in the sale
Competition:
No other Bakery is located in the general area!! Has specific cookies and pastries that other bakeries don't offer!! Only retail shop in a growing area!
Growth & Expansion:
HUGE GROWTH POTENTIAL to grow the catering and wholesaling side of the business!!! Additional growth ideas are to advertise using social media (little done now), utilize other advertising, open other retail locations due to higher profit margins!! Bakery only operating at about 30% of capacity for production.
Financing:
OWNER WILLING TO FINANCE up to 50% of the deal based on offer and buyer!!
Support & Training:
Owner will train for up to 30 days and then offer up to 3 months of consulting via phone.
Reason for Selling:
Owner must sell to travel with her son on the Pro Tennis Tour.
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Scott Hartman

Business Listed By:
Scott Hartman

BBDC

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Sponsoring Broker:
Toby Barker

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Demographic Information

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