Price: $399,900
Location: Rockland County, New York
Industry: Bakery
Listing ID: BKRY155
Owner retiring for this modern high volume, recently remolded Bakery located in wonderful area of Rockland County New York. This highly profitable bakery is in an affluent city of Rockland County, New York. The business has a substantial gross yearly income and a consistent 2021 net income of $178,705 and 2022 net income of $259,000. The facility has been recently remodeled with an attractive image. The owner has elected to retire after thirty-five years in the bakery industry. This Bakery has provided delicious cakes, pastries, and breads to residents of New York since 1975. Whether you are looking for an elaborately decorated, one-of-a-kind wedding cake, special holiday treat or creative child’s birthday cake, this retail 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 dozens of freshly baked items. This bakery is a staple in Rockland County, and is a part of many people’s lives, from birthdays to christenings, engagements, weddings, graduations to anniversaries. This is a most unusual opportunity representing a wonderful business and a dependable future income.
Listing Details
Revenue: $640,456
Cash Flow: $258,999
Accounts Receivable: $-2 (Included in Price)
FFE: $145,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The reason for this sale is due to the owner’s pending retirement after many years of success in this particular food industry.
Training & Support:
The owner will remain post-closing to supply an appropriate training and transitional period to the purchaser.
Operation
Year Established: 1995
Days & Hours of Operation: Hours of operation, the company is operational six days weekly, closed Monday, with hours from 6:00 am to 6:00 pm.
Owner Hours Per Week: Full Time
Employees: This retail food and bakery business presently has seven employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll is approximately $16,500.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: $5,350
Type of Location: Commercial Avenue
Square Footage: 1,850
Relocatable?: Yes
Facilities Information:
This modern facility consists of 1,800 square feet in a commercial setting on an active with many other successful companies. The facility has a private entrance and capacity for thirty-five (35) customers. This high-volume Bakery is in Southern New York, in an affluent area of Rockland County on an active commercial avenue with a many other successful businesses.
Summary
Owner Qualifications:
No specific license qualification are required.
Competition:
This well-known bakery expects no new competitors in the area, and the seller has agreed to supply an appropriate non-compete agreement to the new operator.
Potential Growth:
The business can be further improved with increased days & hours, also by improving the present marketing system and by instituting a wholesale division.
Financing/Terms:
Financing to be determined.
