Property ID : SPL25.358
For Sale $156,000.00 - Bakery
• A well-Known east side bakery located off a major highway route
• Operating for 40 plus years offering Kosher bake goods and Mediterranean breads and desserts
• Current operator has been there 8 years and looking to retire
• Many contracts in place for wholesale sales
• Open Monday through Friday 9 am – 5 pm, closed Saturday, open Sunday from 9 am – 2 pm.
• Plenty of parking available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
• Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 15,000
• Inventory at Cost of $ 5,000
• Current lease is $ 4,200 triple net.
• Business owner is allowed to collect $ 1,600 a month from apartments to be used towards rent.
• Lease terms are negotiable.
SALES AND SELLERS DISCRETIONARY EARNINGS:
2019 2018 2017
Sales: $ 390,775 $ 383,672 $ 325,985
Cash Flow (SDE): $ 88,554 $ 75,017 $ 85,999
Asking price is $ 156,000 with seller financing available with at least half down to a qualified buyer
This is an ideal opportunity to own and operate a very long-standing successful bakery. Great location, and great reputation. Expanding wholesale sales is a great way increase revenue.