Established Bakery Set In An Old Town for Sale!
About this business for saleEstablished Bakery Set In An Old Town for Sale!
Well established bakery with 30 years history at great location for sale!
The store front enjoys great foot traffic, has outdoor seating facing busy promenade street, neighboring with restaurants, boutique stores and a movie theater. The fully equipped food processing and packaging space is at the back taking about half of the space with truck loading deck facing the rear alley (the shops on the opposite of the street don’t have rear alley to allow delivery truck to come in!)
The Store has been long termly supplying to Smart & Final and Jons. But due to the limited capacity of current owner who is to retire, the store has not taken advantage of its excellent location – it’s not open for weekends and has been focused on wholesale, no online business, not even catering the neighbor restaurants which have needs for bakery supply. If buyer could promote retail/online business, open during weekends, supply the neighboring restaurants and set up lunch menu to attract customers on the street, the sales would be greatly improved!
Permits: The store has retail/wholesale, food manufacture and restaurant permits which allow occupancy of 30 seats for both indoor and outdoor seating. The City does not allow outdoor seating in this area for new opened stores anymore! Nor issuance of permits for food retail and manufacture at one location either! So there is no other bakery competitor in this old town! If someone needs to have food product process and retail at the same spot, or wants to do bakery with outdoor seating, they have to acquire an older business which have permits like these, and this bakery has all of the permits!
Asking price includes Inventory + FF&E estimated worth of $130K. This will be asset sale with limited past financials provided.
For more info, please contact listing broker Wen at email@example.com with Listing ID LA3919.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.