Description

Internationally Known Bakery – Bellevue.
This amazing bakery was opened in 1998 and has been attracting local, national and international customers ever since. It specializes in making over 30 different breads from around the World, along with pastries, cakes, cookies, and dessert bakery items. The business also supplies bakery products for weddings, baby showers, special events, and birthday parties. The business occupies about 1,000 square feet – having a display section in the front of the business and in the back are a bakery oven, walk-in freezer, prep table, and an 8 foot Class 1 hood and grill. The current owner does not use the hood and grill. About 40% of the current inventory is made on site and the rest is sourced out and delivered fresh. The business did wholesale up until 2015, and stopped due to the owner living most of his time in California. The business is currently operated by the Seller’s parents and there has been virtually no marketing done; the business relies upon its solid reputation for a unique and quality product, outstanding service, and word of mouth referrals. The new owner could do many things to take this business to the next level. The business currently does not serve any coffee or espresso; items often asked for by the customers. It does not serve any food- soups, salads, sandwiches, etc – something that could easily be done with the hood and grill. The space next door (the grocery) will be available soon and the new owner can expand the business to include a café, coffee shop, and larger display area as well as sit down dining. More bakery items can be added to the mix such as cupcakes. The wholesale business could be started again. A whole division could be started around delivering to businesses in the area pasties, cookies, and cakes. The new owner could focus on wedding and special event cakes. The current owner lives primarily in California and with the addition of an owner operator this business could be booming.
The business occupies about 1,000 square feet – having a display section in the front of the business and in the back are a bakery oven, walk-in freezer, prep table, and an 8 foot Class 1 hood and grill. The base monthly rent is $2,163 plus NNN charges of $600 per month. The lease expires on 9/30/2019 and has a 5 year option to extend the term.
This is one of the oldest bakeries in Bellevue specializing in international breads – it is a totally niche market. The lease includes an exclusive right in the shopping center for the baking of breads. The business has established a loyal client base over the last 18 years.
The new owner could do many things to take this business to the next level. The business currently does not serve any coffee or espresso; items often asked for by the customers. It does not serve any food- soups, salads, sandwiches, etc – something that could easily be done with the hood and grill. The space next door (the grocery) will be available soon and the new owner can expand the business to include a café and coffee shop and larger display area. More bakery items can be added to the mix such as cupcakes. The wholesale business could be started again. A whole division could be started around delivering to businesses in the area pasties, cookies, and cakes. The new owner could focus on wedding and special event cakes.

Posted Jun 17, 2016

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