Location: Brooklyn, NY (Kings County)
Industry: Food and Restaurants
Listing ID: 00310
This family owned business was established over 57 years ago. Aside from
a full line of their time tested, baked on premises, original recipes
for pastries and cakes, they custom bake cakes that are unique and so
well known that I could not disclose their specialty without exposing
their name. It should be noted that their sales have not only withstood
the affects of the pandemic, but they have increased by 23% during the
last half of 2020 compared to the last half of 2019. Needless to say,
their bread variety is mouth watering as well.
What’s more, they have the potential to add an additional shift and
thereby almost double their volume, which can be devoted to wholesale sales or new retail via the internet.
Owner’s are retiring and currently work less than part time. What an
opportunity for the right person!
Gross Revenue: $1,400,000
Cash Flow: $240,000
Reason For Sale:
Owner is seeking retirement.
Training & Support:
Owner will provide training and support.
Year Established: 1957
Days & Hours of Operation: 7 Days, 8 AM - 8PM
Non-Owner Payroll: $38,000
Employees: 12 FT 4 PT
Monthly Rent: 11000
Square Footage: 4400 SF
Plenty of room for potential growth.