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Business for Sale Summary

Long Established Retail/Wholesale European Bakery - 34854

Business Type: gift and specialty retail,misc. retail/non-classifiable,misc. wholesale/distribution/non-classifiable,other business services,other eating & drinking places,other food stores,seller financing available,wholesale/dist businesses,bakers & confectioners
Long Established Retail/Wholesale European Bakery
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This business has received 91 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $75,000 Down Payment $75,000
Gross Revenues $800,000 Lease Remaining Register Free to View
Owner’s Cash Flow $48,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and The seller will entertain any reasonable offer!

Business Description

Long Established Retail/Wholesale European Bakery. Major Price Reduction! MUST SELL! This business has been serving local residents and wholesale clients in the NY Metro area since 1976. They are one of the premier European Bakeries on the market today. The foundation of their success has been based on the commitment to using only the best ingredients to make the highest quality baked goods, pastries and breads and to make it all the “old fashioned way”. The business consists of a newly renovated retail bakery shop and a wholesale bakery business with a good base of active accounts. The 2022 sales projections are estimated to be approx. $800,000 (67% wholesale and 33% retail) with an owner’s cash flow of approx. $48,000.00. That is after paying a full-staff of 3 full-time and 8 part-time employees. There are 8.5 years left on the current lease with a rent of only $3,927/mth. for a fully-equipped 1,500 sf. space. Please note that the current owner had no previous baking background. This business has great upside with the expansion of wholesale accounts to bring it back to gross sales of $1mil plus that were generated before Covid. The retail store can also be improved with the expansion of offerings such as coffee and other lines of products. The ideal buyers would have some bakery background. The seller will entertain any reasonable offer! To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only once proof of liquid funds has been provided!

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.