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Business for Sale Summary

70 Year Old Rare Bakery for Sale in CT - 33003

Business Type: absentee business,gift and specialty retail,misc. retail/non-classifiable,other eating & drinking places,other food stores,other personal services,seller financing available,bakers & confectioners
70 Year Old Rare Bakery for Sale in CT
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This business has received 59 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $199,000
Gross Revenues $150,000 Lease Remaining Register Free to View
Owner’s Cash Flow $75,000 Number of FT Employees Register Free to View

Financing

$199,000 Down and

Business Description

Rare Bakery- Est. 70 Years. Major Price Reduction! This is a community landmark. They specialize in all your favorite, cakes, cookies, pastries, and more. Even better, the owner is not a baker and runs the business on a very part-time basis. He basically comes in to handle some bookkeeping and making deposits, approximately 20 min/day. The business is fully staffed and you DO NOT NEED BAKING EXPERIENCE to purchase or operate the business as it is fully staffed with highly skilled employees (2 F/T and 2 P/T). The business is located in a great shopping center with good parking. There are 10 years remaining on the current lease with a rent of $4,266/mth. In the past year the business grossed approx. $150,000.00 with an owner's cash flow of approx. $75,000.00. The sales figures come from the Square POS system. An owner-operator or baker could run the business even more efficiently. We are seeking a serious and financially qualified buyer with at least $199K in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.