Price: $99,900
Location: Hudson County, New Jersey
Industry: Bakery
Listing ID: BKRY159
Wonderful opport5unity to own this attractive bakery on an active county road located in a highly populated community of Kearny, New Jersey. The business has a gross income of $150,000 and a consistent net yearly income of $37,000. This is an attractive modern long-standing bakery conveniently located. A steady stream of loyal regulars is serviced along with lots of daily shoppers and workers eager to sample the numerous cafe goods. The café offers an assortment of coffee, breakfast products, cookies, and pastry, including an assortment of cakes. All foods originate from the finest natural ingredients. Their coffee is exceptional, and they place careful efforts to obtain the best quality beans. This café has been family owned and operated since 1999 and over the past years, they have provided the area with exceptional customer service and high-quality goods. 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.
Listing Details
Revenue: $150,000
Cash Flow: $37,000
FFE: $50,000 (Included in Price)
Inventory: $250 (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.
Operation
Year Established: 2010
Days & Hours of Operation: The business is active seven days with hours from 7 am to 7pm.
Owner Hours Per Week: Full Time
Non-Owner Payroll: $-2
Employees: The cafe business has 1 part-time and 1 full-time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $1,200.
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 1339
Type of Location: Commercial
Square Footage: 1260
Relocatable?: Yes
Facilities Information:
The business facility consists of an attractive retail store with an interior space of approximately 1,260 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, Hudson County, which consists of various affluent communities with continued demand for this food product.
Summary
Historical Summary:
Basic food service is needed; this industry does not require government approval to purchase.
Owner Qualifications:
Basic food service is needed; this industry does not require government approval to purchase.
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:
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.
Financing/Terms:
seller financing is available.
