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Asking Price$125,000
Revenue$296,199 Established2005
Cash Flow$59,249 Employees3 full-time
FF&E$125,000* FranchiseNo
Inventory$1,800* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Woodland Bakery & Café is a must see, successful Café business with bakery products located in an affluent highly populated community of Chatham, New Jersey and in an active commercial mall. The business has a gross income of $296,199 and a consistent net yearly income of $59,249. This is an attractive modern long-standing café conveniently located in a wonderful commercial mall. The Cafe is nestled in an affluent area of Northern New Jersey and in a cozy neighborhood where many locals are greeted by name. A steady stream of loyal regulars is serviced along with lots of daily shoppers and workers eager to sample the numerous cafe goods. The café offers an assortment of coffee, soups, breakfast products, cookies and pastry, including an assortment of cakes and all foods are originate from the finest natural ingredients. They also offer a selection of fresh baked breads, muffins, croissants, and pastries. Their coffee is exceptional, and they place careful efforts with obtaining the best quality beans. They must have exceptional taste for their customers and it is their goal to offer the best coffee experience available. This café has been family owned and operated since 1969 and over the past years, they have provided the area with exceptional customer service and high-quality goods. Basic food service is needed, this industry does not require government approval to purchase. The café business has 3 full time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $9,600. The business has an assignable commercial lease which expires September 30, 2019 plus an additional five-year option, as of Jan 2017, monthly rent is reduced to $5,000 plus cam $980/month, cost per square feet is $36.20, rent security of $12,000. The facility is in a modern commercial mall with no basement and has a capacity for approximately 15 customers. The company’s corporate tax returns can identify the business assets at approximately $125,000 which represents equipment and licensing replacement costs. The sale which consists of a well-equipped commercial kitchen, various mixtures, ovens, displays units, counter equipment, shelving, tables, computers, POS, accounting software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The café has satisfactory private mall parking on site as part of the commercial lease. The business is active Tuesday-Sunday with hours from 8:00 am to 6:00 pm and shorter weekend hours. The sale includes a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $296,199 and the business has a yearly net income of $59,249 based on an owner operator and prior to debt service. The business has been valued at $125,000 based on a multiple of the net yearly income and the value of the specific business assets. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The business facility consists of an attractive retail store with an interior space of approximately 1,890 square feet. The facility also has a clean modern appearance with all upgraded equipment. The Cafe is located on an active commercial avenue in a modern mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Morris County, which consists of various affluent communities with continued demand for this food product.
Competition:To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no wholesale service, basic web site, which if improved can further develop the business bottom line net income. Additionally, improving the menu items will increase future sales.
Training/Support:The owner will remain post-closing for an appropriate time to supply a transitional period to the new operator. Additionally, the owner is prepared to accept a part time employee position post-closing.
Seller Financing:May be available to a qualified with an appropriate down payment.
Sale Reason:The sale is due to the owner’s desire to focus on a new business opportunity.
Ad #103277
Seller Reference #BKRY136
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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