(IN LOI) Wholesale Bakery in NYC

Price: $1,750,000

Location: New York City

Industry: Food and Restaurants

Listing ID: 10272022

This Business is currently in LOI and not available to new Buyers.

Family-owned wholesale pastry and bread manufacturers in business for almost 30 years in NYC. Their baked goods are sold through mass distributors with end consumers being hospitals, hotels, universities, schools, corporations, pushcart and food truck operators.

The Bakery has successfully grown into a large operation working out of a leased 15,000 sq/ft location with more than 40 employees. They have extensive equipment including a large custom-built silo, walk-in ovens, freezers, refrigerators, several conveyor belt production lines and company trucks and vans.

They are known for their artisanal breads, breakfast pastries and higher-end European line of baked goods. They bake in multiple shifts to meet the demands of their commercial customers.

They suffered through Covid but never shut down and coming back to much higher sales every day. No advertising done.

Their trailing 12 months sales is 4.5mm with another 1.35mm in contracts added in gross sales as of March 2022 equating to $620k in adjusted EBITDA as of 12 months ending in March 2022.

Listing Details

Gross Revenue: $4,500,000

Cash Flow: $474,000

EBITDA: $474,000

FFE: $600,000 (Included in Price)

Reason For Sale:

Other interests

Training & Support:

Will provide

Operation

Year Established: 1993

Employees: 40

Location

Square Footage: 15,000 sq/ft

Facilities Information:

15,000 sq/ft warehouse