At only $75,000, this Brooklyn-based sweet & savory pie bakery is an amazing opportunity for a home baker or professional pastry chef ready to step out on her/his own. All pies are made from scratch, using only the freshest ingredients, rich in flavor, unique and delicious. Sweet pie favorites include maple pecan, salted chocolate caramel, apple crumb and peanut butter chocolate. Savory specialties include vegetarian, the classic chicken pot pie, croque monsieur and breakfast pies. In addition to sweet & savory pies, the menu includes croissants, muffins, cookies, biscuits and beverages. The facility is a combination retail store with limited café seating (seats 6-8) and commissary capable of supporting their growing wholesale and catering business. Business breaks down to about 1/3 retail, 1/3 catering and 1/3 wholesale. Wholesale customers include a major grocery chain and food service provider. They also do pie making classes.

Strengths: Great reputation for product quality and service. Wholesale contacts with major retailers, food services, caterers and venues. in the community. Experienced staff willing to stay on after the sale.

Opportunities: Additional marketing support for catering and wholesale. Add delivery. Affordable young business poised for growth with a new owner. Room to expand in existing space.

Hours: Monday-Friday 8am-8pm, Saturday: 9am-7pm, Sunday 10am-6pm.

Lease: Approximately 800 sf on ground floor plus storage basement that could be used as a kitchen. Rent is $2,400/month, including real estate taxes. One year remains on the five-year but landlord is expect to assign and extend.

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to retire. Owner will train for two weeks at no charge. Asking price is $140,000. Up to 50% Seller Financing available to qualified buyers.

Posted May 27, 2016

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