Description

Successful Bakery Café business with a full bake & service staff, owner does not bake, and functions as owner manager. The business has a gross income of $446,000 and a consistent net yearly income of $85,071. This is an attractive modern long standing bakery located in an active commercial mall in Morris County, New Jersey. The bakery is nestled in an affluent area of Northern New Jersey and in a cozy neighborhood where many locals are greeted by name. A steady stream of loyal regulars is serviced along with lots of daily shoppers and workers eager to sample the excellent baked goods. From the well-known cookies and pastry to the huge assortment of cakes, everything is baked on-site, fresh, every day from the finest natural ingredients. This Bakery café has been family owned and operated since 1985 and over the past years, they have provided the area with exceptional customer service and high quality baked goods. They offer a wide variety of cakes, pastries, cookies, donuts, and miniature fancies. Their family recipes have been passed down, continues to improve and please their customers. From birthdays to anniversaries Graduations to Baby Showers, they can design the perfect cake for your special occasion and in most cases, they require 24 hours’ notice. They can make you that cake you need the very same day and on their website, you will find a sample of what they offer on a daily basis. They are an old fashion bakery that makes everything well and take pride as the industry has become more specialized and bakeries begin to focus on limited product lines. The company’s corporate tax returns can identify the business assets at approximately $125,000 which consists of a well-equipped commercial kitchen, various mixtures, ovens, displays units, counter equipment, shelving, tables, computers, POS, accounting software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The bakery business has four full time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of $11,000. The business has an assignable commercial lease which expires September 30, 2019 plus an additional five-year option, monthly rent of $5,700 plus cam, cost per square feet is $36.20, rent security of $12,000. The facility is located in a modern commercial mall with no basement and has a capacity for approximately twenty-five customers. The bakery has satisfactory private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 8:00 am to 6:00 pm and shorter weekend hours. The sale includes a certificate of occupancy and food license from the particular municipality and the required state or city licenses to conduct its day to day business. This is a solid dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 30 % consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $446,000 and the business has a yearly net income of $85,071 based on an owner operator and prior to debt service. The business has been valued at $250,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing is available to a qualified buyer with an appropriate down payment, collateral and credit rating.

Posted Nov 4, 2016

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