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Modern Bakery For Sale

18/wk
Passaic County, New Jersey, United States
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Asking Price$175,000
Revenue$450,000 Established1988
Cash Flow$85,000 Employees5 full-time
FF&E$85,000 FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent business opportunity for this modern Bakery business located on an active commercial avenue of Northern, NJ and in an affluent area of Passaic County. The owner is retiring and will train and finance to a qualified buyer. The owner has been in business for twenty years, came out of retirement and has now elected to again retire. The facility is one year young and has been fully upgraded with a modern attractive venue. The bakery has an ultra-modern appearance and is on an active commercial avenue. The sale includes a fully equipped bakery with modern state of the art equipment and a high capacity for substantial production. The business presently has a gross income of $5,500 weekly and continues to increase and expects to have a substantial yearly gross income. They offer quality baked goods that are made from scratch with all-natural ingredients. Their baked goods are the best possible and very well known in the area. They offer to their customer’s quality service. The business is operational six days weekly with moderate hours from 8:00 am to 6:00 pm. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped Bakery which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system 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 building has a legal capacity for 35 customers, 2,500 square feet, one main floor no basement. This retail food business has five employees with specific functions to maintain the day to day business operation. The staff is unaware of the pending sale and fully expected to remain post-closing, monthly payroll is projected at $6,400. The sale includes a ten-year commercial lease, expires 2028/01/-01 with a monthly rent payment of $2,900, cost per square foot is approximately $24.50 and a rental security expense of $5,000. The business has appropriate municipal parking near to the site. The business has a Certificate of Occupancy and a municipal food license to conduct business at this location. The business has a 2018 gross yearly income is projected at $450,000 and a yearly net income of $85,000 based with an onsite ownership and prior to debt service. This is a wonderful opportunity with continued growth potential to own this duel business with a solid income flow. Based on the asking price, required down payment and net income this business should supply a dependable return to the owner operator prior to debt service. This sale is confidential, all viewings are by appointment only, and photo does not represent the particular business.
Facilities:This modern attractive facility consists of a 2,500-square foot commercial bakery with an attractive setting. The facility is newer with a beautiful image and fully capable of an increase in production. The business is conveniently located in an affluent city of Passaic County, New Jersey which services numerous communities throughout the area. The business is located on an active county road with a huge traffic flow.
Competition:This successful bakery business has limited competitors in the general area and the seller has agreed to supply an appropriate non-compete agreement to the new operator.
Growth Potential:This bakery has very limited marketing from the present owner, and no web site, if advertising was instituted it can further develop the bottom line income to the company.
Training/Support:The seller will remain post-closing for thirty days for a transitional period.
Seller Financing:Five year term at 5% interest.
Sale Reason:The owner is retiring after many years of success in this food service industry.
Ad #97481
Seller Reference #BKRY130
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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