Bakery/Coffee & Pastry Shop on The Main Line in PA
Price: $360,000
Location: PA
Industry: Food and Restaurants
Listing ID: 03232021
Authentic, scratch bakery and coffee shop located on the historic Pennsylvania Main Line. This highly profitable bakery has been well established for 20 years in a close-knit community where regulars gather with friends and family.
The bakery has a very strong market presence, excellent name recognition and time tested recipes that have been passed down from generations of family. It occupies a 1,100 sq ft space with a basement of the same size for dry storage.
Some of their staples include fresh baked croissants, danishes, tarts, beignets, eclairs, macaroons, madeleines and other decadent French pastries and cakes. They also have several resale items directly from France.
This bakery is turnkey and can be scaled to greater revenues and profit levels with a new owner that can take it to the next level. Marvelous Google and Yelp Reviews with many saying how blown away they are by their pastries and that it feels like they are in Paris!
Currently they operate only 10 months out of the year, showing great growth potential if they were open year round. No advertising is done and is all by word of mouth.
Owners are looking to retire.
Ask: $360k
Revenue: $385K
EBITDA: $182K
FFE: $180K (included in the purchase price)
**These numbers reflect 2020 and stood strong despite Covid-19. Their revenue is bouncing back into 2021!**
Listing Details
Gross Revenue: $385,000
EBITDA: $182,000
FFE: $180,000 (Included in Price)
Inventory: $6,000 (Included in Price)
Reason For Sale:
Retirement
Training & Support:
Will provide
Operation
Year Established: 2001
Location
Type of Location: brick-and-mortar right on the main street
Square Footage: 1100 + basement
Summary
Potential Growth:
Room for growth: Offering baking classes, wholesale opportunities, expanding hours (not closing 2 months out of the year), partnering with the many food delivery services to increase sales, catering larger events, offering savory grab and go items for breakfast and lunch, increased advertising and expanding on social media presence.