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Bakery Business
Location: United States -> Connecticut -> Fairfield County
Industry: Retail > Other Retail




Business Summary

This is a high traffic 2,050 s.f. bakery with a 500 s.f. basement located in a quaint New England town's Shopping center centrally located near the Post Office, Town Offices, several banks, gas stations, and another shopping center across the street.

This bakery sells +/- 40 � 50 cakes for all occasions a week. They also make +/- 350 loaves of bread a week. Wanna know what else they sell?

The store has 28 seats and sells coffee, teas, espressos, lattes, donuts, danish, cookies, pastries, muffins, scones, bagels, rolls croissants, crumb cakes, turnovers, and cakes for all occasions. They also sell 28 flavors of hard ice cream, gelato, milkshakes, and bakes 11 varieties of breads. One or 2 days a week they also make a few pizzas and sells them by the slice.

This business is the only bakery in town except for the 2 food stores. Been in the same location for 58 years and the same Owner for the last 27 years.

The Owner wants to get ready for retirement. He will help a qualified Buyer with Owner financing, and training with his recipes.


The store has different winter and summer hours:
Summer Hours are Mondays 7-11am, Tuesday � Saturday 7-9pm, and Sundays 8-1pm. Totals 79 hrs/week. Winter Hours are Monday � Friday 7-7pm, Saturdays 7-6:30pm, and Sundays 7-12pm. Totals 68.5 hrs/week.

The Owner works full-time with 2 other full-timers and 4 part-timers. Payroll averages +/- $1,710/week. Using $400,000 for annual sales this would be +/- 22.2% /sales (not counting the Owner's drawer, equity withdrawals, or paychecks).

The Owner is the baker. He has an assistant that helps in the kitchen. All the other employees work the sales counters.

Sales is being projected to be $400,000 this year (2022) and the new Owner's projection should be +/- $440,000.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $440,000
Cash Flow:   $72,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1964
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will train on the equipment and receipes
Reason For Selling:  Retirement to take it easier

Photos

View Larger Photo(s) Of Business
Bakery Business Photo 1




Print Listing Id: 700381929


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Also See: Franchise Opportunities > Franchise Resales > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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