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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bakery/Café & Property
(Food & Beverage , Bakery )
Essex County , NJ
Listing ID: BKRY138

Listing DetailsGross Revenue: $ 400,000
Cash Flow: $ 75,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner is retiring after many years of success.


Training & Support:

The owner seller will remain post-closing to supply an appropriate training transitional period.


OperationsYear Established: 1967
Days & Hours of Operation: Mon.-Sun. 6am-6pm
Non-owner Payroll: $ 5,000
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 5000
Facilities:

This attractive facility consists of two floors, 5,000 square feet in a commercial building on an active avenue. The facility has a private entrance, seating and a bright attractive image. The bakery has a professional kitchen on two floors that are connected by stairs. This high-volume Bakery Café is in Northern NJ in an affluent area of Essex County on an active commercial avenue with a large volume of successful businesses.


SummaryBusiness Description:

Long standing bakery café located in wonderful area of Northern, New Jersey and in an affluent city of Essex County. The facility has recently been fully upgraded with a new state of the art appearance consisting of two floors with an attractive image. This Bakery has provided delicious cakes, pastries and breads to residents of New Jersey since 1967. Whether you are looking for an elaborately decorated one of a kind wedding cake, special holiday treat or creative child's birthday cake, this bakery has been satisfying customers in the same location for more than four decades. They are a full-service bakery with a daily selection of over 100 freshly baked items and a self-serve café beverage center offering delicious fresh ground coffee & a variety of teas. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped bakery. This retail food business presently has 6 employees who are unaware of the pending sale and fully expected to remain post-closing employees, and the monthly payroll is approximately $5,000. The business is operational seven days weekly with hours from 6:00 am to 6:00 pm. The business and property has been valued based on a multiple of the net yearly income and an appropriate appraisal of the real estate and business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. This is a most unusual opportunity representing a wonderful business and a dependable income. Based on the asking price, required down payment and net income this business should supply a consistent return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.


Competition:

This very successful bakery has no competitors in the general area, no new competitors are expected, and the seller has agreed to supply a long term non-compete agreement to the new operator.


Potential Growth:

The business can be further developed with increased hours, improving the marketing system and by instituting a wholesale division resulting in an increase to the gross income.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.