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 $279,687 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. 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. Basic food service, this industry does not require government approval to purchase. The business facility consists of an attractive retail store with an interior space of approximately 1,890 square feet. The facility also has a clean modern appearance with all upgraded equipment. The Bakery is located on an active commercial avenue in a modern mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Morris County, which consists of various affluent communities with continued demand for this particular food product. The bakery business has four full time employee 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 2019-01-01 plus an additional five-year option, monthly rent of $5,700 plus cam, 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 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 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.
Asking Price $250,000
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