Semi-Absentee Bakery w/New Commercial Kitchen RE
Semi-Absentee Bakery w/New Commercial Kitchen RE, Prime Location
For the last 10 years, this gourmet bakery has been crafting sought-after special occasion desserts serving the greater Portland area with multiple locations. They own the recently remodeled production/retail location which is offered in the purchase price. The other locations are leased.
This business has a General Manager who runs the day to day and the current owner only works approximately 5 hours/week. There are 15-20 employees staffing the production and retail locations.
This business has a robust website, strong social media presence with greater than 10,000 followers and great Google reviews. They have proprietary recipes and proven systems in place with a streamlined order policy resulting in improved efficiency and customer satisfaction. This business is "Franchise Ready" with the necessary documentation drafted for someone who wants to expand with this business model. It is not currently a franchise but independently owned.
The business is priced at $300,000 and Real Estate is offered at $1,500,000. The seller will consider a note for the business for qualified buyer prospects.
It is SBA pre-qualified.
Financials (USD)
Asking Price $1,800,000
Cash Flow $165,678
Sales $962,451
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Yes
Relocatable? Available On Request
Real Estate? Available On Request
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