Manufacturing/Retail Bakery — Niche Product Line
Price: $720,000
Location: Brooklyn, NY
Industry: Food and Restaurants
Listing ID: 00300
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. Owner’s are retiring and currently work less than part time. What an opportunity for the right person!
Listing Details
Gross Revenue: $1,400,000
Cash Flow: $240,000
FFE: $500,000
Inventory: $12,000
Reason For Sale:
Owner is seeking retirement.
Training & Support:
Owner will provide training and support.
Operation
Year Established: 1957
Days & Hours of Operation: 7 Days, 8 AM - 8PM
Non-Owner Payroll: $38,000
Employees: 12 FT 4 PT
Location
Monthly Rent: 11000
Square Footage: 4400 SF
Summary
Potential Growth:
Plenty of room for potential growth.