* Included in Asking Price
Executive Summary: This established, profitable, bakery has a long history in the Middle Tennessee area. Products include custom decorated cakes, cookies, pies, pastries, cupcakes, dessert cakes, and many others. The business has a large customer base and a very strong reputation in this sector. This business is very consistent, with a lengthy history. The business finished with $2.18 million in revenue and $1,060,371 in Seller’s Discretionary Earnings (SDE), respectively in 2021. The business and its brand could be scaled to different parts of Middle Tennessee on a relatively inexpensive basis. The owner has also successfully built the team around the business, allowing the next owner to focus on strategy. The two Owners generally work 10-25 hours per week, combined, by choice.
|Facilities:||The business leases its facility. It is a standalone building in a popular shopping center. The business could also be relocated to a different spot, but the
current location is a very advantageous one.|
|Competition:||While there are others in the bakery industry, this business has a lengthy history of satisfied customers, quality products, and an outstanding reputation. The business occupies a strategic niche in the consumer market segment.|
|Growth Potential:||The current owners believe revenues could significantly increase in the next several years, if they were to pursue certain strategic avenues. Since the owners want to retire, this presents an opportunity for the next owner. The current owner has a solid support staff, including five managers.|
|Training/Support:||The owner will provide training as needed to the buyer.|
|Seller Financing:||The owner will consider some financing for a well-qualified buyer.|
|Sale Reason:||The owners wish to retire.|
Seller Reference #JB-005
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