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Asking Price$229,000
Revenue$650,000 EstablishedUndisclosed
Cash Flow$100,000 Employees7 full-time
FF&E$50,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Light & Raphael is pleased to offer an award-winning bakery and coffee shop for sale in Richmond, Virginia. The bakery offers scratch-baked pastries, breads, local coffee, and gourmet sandwiches. It has a strong social media presence and a loyal following in the community. Profits actually increased during the pandemic.
Facilities:Location is leased.
Growth Potential:The Bakery Cafes industry has been one of the best performing industries of the broader food service sector over the five years to 2020. With both disposable income and consumer confidence on the rise for most of the period, bakery cafes have surged ahead, capitalizing on these shifting consumer preferences. Individuals crave the convenience of fast-food restaurants, but do not want to compromise on taste. Industry establishments focus on providing high-quality food with health-conscious options while still maintaining fast paced service. As a result, industry revenue has grown an annualized 1.9% to $11.1 billion over the five years to 2020.
Training/Support:Seller will provide support and training following the sale.
Seller Financing:Some seller financing available
Sale Reason:Seller wishes to pursue other interests.
Ad #128942
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Contact This Seller
Gavin Raphael
Light & Raphael LLC
8043552458
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