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$2.25M in sales with substantial retail, commercial and catering business locked-in with loyal regular, repeat clients. This business is being fed by four distinct profit centers: Retail restaurant, retail bakery (located in the restaurants), wholesale commercial bakery, outdoor markets and catering. More than strictly a bakery, this chain also enjoys a thriving daytime restaurant business with sandwiches, soups and coffee/beverages and has become a local meeting place for business meetings and friend gatherings. "Cash Flow" is estimated Proforma earnings. Proforma owner earnings under a slightly more efficient owner (in line with normal industry standards) is estimated at $350,000 ++ annually.
Over 200k worth of high-end bakery and restaurant equipment is included, and premium real estate is available.
Listed cash flow is a conservative proforma profit estimate of what a new baker/owner should make (well in excess of $250k is estimated, with some very minor changes under new ownership). Plus there are a number of clear and identified ways for a new owner/operator to substantially increase that bottom line profit, which can be discussed in due diligence.
Inventory estimates will be determined in due diligence. Equipment list is available, including three vans in good shape and substantial bakery-related equipment worth well over $250k.
Real Property Included
Three prime locations along Florida's Treasure Coast. Two locations are leased with favorable terms, on is owned and available for sale or lease to a new owner.
There are several prime locations along Florida's Treasure Coast. Two locations are leased with favorable terms, one is owned and available for sale or lease to a new owner. Most of the locations are leased with favorable terms. One prime location in a busy downtown area is owned and can optionally be purchased at a very reasonable $230k. If a buyer prefers, the seller will keep ownership of the owned location and offer very fair lease terms. The main location is used as the commercial wholesale bakery and has substantial equipment. As well as the facilities this business has a long-term locked-in presence at several busy and highly profitable outdoor markets with regular repeat clients.
There are a number of clear strategies for a new owner/operator to substantially increase bottom line profits, which can be discussed in due diligence. Owner may assist in implementing these strategies after a sale.
Very strongly positioned in its market, with compelling branding and a large audience of loyal clients, both in and out of season.
Health reasons and retirement
Owner to stay on for reasonable period to train, make introductions and assure a smooth transition. A longer term situation is also possible.
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