This is a high traffic 2,050 s.f. bakery with a 500 s.f. basement located in a quaint New England town’s Shopping center centrally located near the Post Office, Town Offices, several banks, gas stations, and another shopping center across the street.
This bakery sells +/- 40 – 50 cakes for all occasions a week. They also make +/- 350 loaves of bread a week. Wanna know what else they sell?
The store has 28 seats and sells coffee, teas, espressos, lattes, donuts, danishes, cookies, pastries, muffins, scones, bagels, rolls, croissants, crumb cakes, turnovers, and cakes for all occasions. They also sell 28 flavors of hard ice cream, gelato, milkshakes, and bakes 11 varieties of breads. One or 2 days a week, they also make a few pizzas and sells them by the slice.
This business is the only bakery in town except for the 2 food stores. The bakery has been in the same location for 58 years and the same Owner for the last 27 years.
The Owner wants to get ready for retirement. He will help a qualified Buyer with Owner financing, and training with his recipes.
The store has different winter and summer hours:
Summer Hours are Mondays 7-11am, Tuesday – Saturday 7-9pm, and Sundays 8-1pm. Totals 79 hrs/week. Winter Hours are Monday – Friday 7-7pm, Saturdays 7-6:30pm, and Sundays 7-12pm. Totals 68.5 hrs/week.
The Owner works full-time with 1 other full-timer and 3 part-timers. Payroll averages +/- $1,800/week. Using $441,000 for annual sales this would be +/- 21.2% /sales (not counting the Owner’s drawer, equity withdrawals, or paychecks).
The Owner is the baker. He has an assistant that helps in the kitchen. All the other employees work the sales counters.
Sales came in at $441,150 in (2024) and a new Owner’s projection should be +/- $455,000. Note that advertising and promotion can be increased - something that a new owner will quickly address.
As far as the SDE is concerned, a new Owner's projection is estimated to be $90,110. However, this is highly dependent on how a new Owner plans to run the business and factors like advertising and bookkeeping. But this projection is a good starting point for a budget in a “business plan”.
There is 2 years left in the current term of the lease plus 2 – 5-year options. Current rent is $4,117/mo all-in ($19.37 psf).
This is an interesting opportunity to get an established bakery business with an Owner who wants to make sure you get off to a good start. The town has good schools, it's near a lake and the area has all kinds of shopping, dining, hospitals, and amenities. Can’t ask for a nicer place to live, raise a family and have fun when not working.
Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, or can be e-Mailed to you upon request. Detailed financial information showing the ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.
Ad#:2043922
