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Incredible Bakery and Cafe Located In An Extremely High Tourism Spot - SC2193
Incredible Bakery and Cafe Located In An Extremely High Tourism Spot - SC2193
Asking Price: $349,000
Cash Flow: $120,000
Gross Revenue: $1,200,000
Down Payment: $349,000
This Northern California based Bakery and Cafe is a California Limited Liability Company that has been in operation for the past 7 years under current ownership. Located in an extremely popular tourist location in Northern California, in the downtown central district, they are known for their incredible array of baked goods made from scratch. They recently have expanded their space and now offer a kitchen café serving breakfast all day as well as brunch fair and sandwiches, salads and shareables. Known in the community and well established and centered in the tourist district in a beautiful Northern California destination location, this business is ready for growth and expansion under a new owner! The business does have a Type 41 (Beer and Wine) ABC Liquor License that stays with the lease.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 6
Part-Time Employees: 14
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $7,500
Monthly Rent: $10,400
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 2300
FF&E Included?: Yes
FF&E Value: $120,000
Training/Support
The Seller is willing to provide training for 4 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Market Outlook/Competition
The North American bakery product market witnessed significant growth in the past and is expected to grow at a CAGR of about 4.4 % during the forecast period (2023-2032). The market size was valued at $234.5 Billion in 2022. The driver of the growth is consumer preferences, urbanization and the fast pace of modern life.
CA 02100708
NV 1003039
Listed By: Jane Roberto
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Background information
Reference:
SC2193
Year established:
2017
Reason selling:
The reason for selling is the Seller would like to pursue other interests.
Finance
Sales:
$1,200,000
Profits:
$120,000
Operations
Employees:
Full-Time Employees: 6 Part-Time Employees: 14 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $120,000
Inventory:
Inventory Included: Yes Inventory Value: $7,500
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $120,000
Premises
Square footage:
Building Size: 2300
Rent and lease terms:
Monthly Rent: $10,400
Location:
City: Northern California State: California
Opportunities
Growth:
They recently have expanded their space and now offer a kitchen café serving breakfast all day as well as brunch fair and sandwiches, salads and shareables. Known in the community and well established and centered in the tourist district in a beautiful Northern California destination location, this business is ready for growth and expansion under a new owner! The business does have a Type 41 (Beer and Wine) ABC Liquor License that stays with the lease.
Market:
The North American bakery product market witnessed significant growth in the past and is expected to grow at a CAGR of about 4.4 % during the forecast period (2023-2032). The market size was valued at $234.5 Billion in 2022. The driver of the growth is consumer preferences, urbanization and the fast pace of modern life.
Price and terms
Price:
$349,000
Down payment:
$349,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training for 4 weeks at 20 hours per week. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.