This 2,591 sq ft bakery and cafe is located in a busy, high traffic center adjacent to major chain retail stores. The premise has seating for 14 inside and 50+ in a dedicated, outdoor patio. The premises is well designed, with business sales including both retail and wholesale, and given the extensively equipped kitchen and storage capacity, increased wholesale and catering would be easily achieved. There are 6 years remaining on the 10 year lease, and rent rent and CAM charges include water and sewer for the business. The front of house retail area includes several baked goods and refrigerated display cases, a gelato unit, 3 group espresso machine and doser grinder, a double unit airpot coffee brewer, bread slicer, ice machine and under counter fridge. Built out cost was $850K in 2014 with no expenses sparred, and the extremely well equipped kitchen is designed for large volume and production, with ample refrigeration and dry goods storage. This includes a rotating Revent oven, self contained conveyor oven, large walk-in freezer and walk-in cooler, dough divider unit, 40 qt dough mixer, 20 qt and 40 qt Hobart mixers, 5 qt mixer, dough sheeter, stock pot burner, 20 sheet pan roll racks, butcher block prep tables, and extensive wire rack shelving units. There is a separate prep production area for cafe retail take out orders that includes two pizza prep. units, 2-door under counter fridge, 3-compartment sink, a prep sink and hand sinks. The $145K cash flow is based on the 2016 $94K net income, wages for the 15 hr. per week semi hands on owner, and a buyer replacing the $42K annual salary and payroll expenses for the 40 hr. per week manager. No need to spend $850K to build a bakery cafe from the ground up or purchase an existing business or location with limited capacity. There is significant value in the extensive equipment, superbly built infrastructure and excellent high traffic location. This is an excellent opportunity for any buyer or partnership, and for existing operators looking to expand and relocate their operation. The sales and profit upside for wholesale and catering sales is immense. The business name is not inlcluded in the sale.
- OrganizationContact For Info
- Current Owner2003
- EmployeesContact For Info
- Reason For SaleOther Interests
- Seating15 inside, 55 outside
- Square Feet2591
- ParkingParking lot
- LicensesBusiness, Health Dept.
- Open HoursDaily 9a-9p
- Rent$20,766 all inclusive
- ExpirationAug, 2023
- Yearly IncreaseContact For Info
- DepositContact For Info
- Monthly Revenue$100,000
- Monthly Cash Flow$12,000
- Annual Revenue$1,200,000
- Annual Cash Flow$145,000
- PayrollContact For Info
- Down Payment$Contact For Info
- Note Balance$Contact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.