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Full Service Bakery/Cafe For Sale

12/wk
Morris County, New Jersey, United States
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Asking Price$895,000
Revenue$2,805,000 Established1971
Cash Flow$240,000 Employees22 full-time
FF&E$385,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
High volume, recently remolded Bakery/Café located in wonderful area of Northern, New Jersey and in an affluent city of Morris County, New Jersey. The business has a 2016 gross yearly income of $2,805,000 and a consistent net income of $240,000. The facility has been recently fully upgraded with new state of the art equipment consisting of two floors with a beautiful ultra-modern image. The owners who are essentially absentee as a corporate group have elected to retire after many years of success. This Bakery has provided delicious cakes, pastries and breads to residents of New Jersey since 1971. They invite you to visit this stunning business and see for yourself the dedication to quality and service that has made them famous. Whether you are looking for an elaborately decorated, one of a kind wedding cake, special holiday treat or creative child's birthday cake, this retail Bakery has been satisfying customers in the same location for more than four decades! They are a full-service bakery with a daily selection of over 200 freshly baked items and a self-serve café beverage center offering delicious fresh ground coffee & a variety of teas. Additionally, they offer cappuccino, espresso and lattes and a selection of natural European jams & jellies. The business fixed assets has an estimated value of approximately $385,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped bakery, including a state of the art commercial kitchen, fire suppression system, numerous refrigeration units, ovens, displays, POS system, tables, chairs, an office, accounting system, and various equipment required for this particular food service industry. The present owner is semi absentee and does not function as a full-time owner operator. This retail food business presently has twenty-two workers who are unaware of the pending sale and fully expected to remain post-closing employees, and the monthly payroll is approximately $25,000. The sale includes a ten-year commercial lease, plus options with a monthly rent payment of $15,000 and a rent security of $30,000. Cost per square feet is approximately $27.69.This highly successful bakery and café business has private parking and substantial municipal parking nearby to the business facility. The business is operational seven days weekly with hours from 6:00 am to 6:00 pm. The business has a Certificate of Occupancy to conduct business and the various municipal licenses required to maintain this business operation. This is a most unusual opportunity representing a wonderful business and a dependable income. Based on the asking price, required down payment and net income this business should supply a 29% return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This ultra-modern new facility consists of two floors, 6,500 square feet in a commercial building on an active avenue. The facility has a private entrance and substantial seating for approximately sixty customers. The bakery has two professional kitchens on two floors that are connected by stairs and elevator. This high-volume Bakery Café is in Northern NJ in an affluent area of Morris County on an active commercial avenue with a large volume of successful businesses.
Competition:This very successful bakery has no competitors in the general area, no new competitors are expected and the seller has agreed to supply a long term non-compete agreement to the new operator.
Growth Potential:The business can be further developed with increased hours, improving the marketing system and by instituting a wholesale division resulting in an increase to the gross income.
Training/Support:The owner seller will remain post-closing to supply an appropriate training transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many years of success in this food service industry.
Ad #94448
Seller Reference #BKRY128
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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