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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bakery in Morris County
(Food and Beverage, Bakery)
Morris County, New Jersey
Listed Price: $ 50,000
Listing ID: BKRY140

Listing DetailsGross Revenue: $ 209,411
FFE: $ 125,000 (Included in Price)
Inventory: $ 1,800 (Included in Price)
Reason for Sale:

 

The sale is due to the owner’s desire to focus on a new business opportunity.

 


Training & Support:

 

The owner will remain post-closing for an appropriate time to supply a transitional period to the new operator. Additionally, the owner is prepared to accept a part time employee position post-closing.

 


OperationsYear Established: 1969
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Monthly Rent: $ 5,537
Square Footage: 1860
Type of Location: Strip Mall
Facilities:

 

The business facility consists of an attractive retail store with an interior space of approximately 1,860 square feet. The facility also has a clean modern appearance with all upgraded equipment. The Cafe is located on an active commercial avenue in a modern mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Morris County, which consists of various affluent communities with continued demand for this food product

 


SummaryBusiness Description:

Successful bakery that was established in 1969 and has a catalog of recipes brought over from Austria by the original owners, many of which they still use today. Located in the affluent highly populated community of Morris County, New Jersey it is located in a very active commercial mall. The business has a gross income of $209,411 and a consistent net yearly income. Cakes, cookies, pastry items are their specialties along with a large selection of specialty chocolate items. Providing exceptional customer service and using the highest quality ingredients keep the customers coming back for generations. The business has 2 part time and 1 full time employee who are unaware of the pending sale and fully expected to remain post closing. The business is active Tuesday-Sunday with hours from 9:00 am to 4:00 pm with shorter weekend hours and can absolutely increase revenue with expanded hours. There is huge room for growth by expanding into café items, specialty cakes and wholesale business. The current owner does little to no marketing and with an exceptionally large kitchen and prepare area, this is an ideal opportunity for someone looking to grow to multiple locations as well. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no wholesale service, basic web site, which if improved can further develop the business bottom line net income. Additionally, improving the menu items will increase future sales.