Bakery Business Selling Cookies Breads Cakes Ice Cream

This is a high traffic 2,050 s.f. bakery with a 500 s.f. basement located in a quaint New England town’s Shopping center is centrally located near the Post Office, Town Offices, several banks, gas stations, and another shopping center across the street. This bakery sells +/- 40–50 cakes for all occasions a week. They also make +/- 350 loaves of bread a week. Wanna know what else they sell? The store has 28 seats and sells coffee, teas, espressos, lattes, donuts, Danish, cookies, pastries, muffins, scones, bagels, rolls croissants, crumb cakes, turnovers, and cakes for all occasions. They also sell 28 flavors of hard ice cream, gelato, milkshakes, and bakes 11 varieties of breads. One or 2 days a week they also make a few pizzas and sells them by the slice This business is the only bakery in town except for the 2 food stores. The bakery has been in the same location for 58 years and the same Owner for the last 27 years. What the Owner will do for the Buyer: The Owner wants to get ready for retirement. He will help a qualified Buyer with Owner financing, and training with his recipes. The Owner works full-time with 1 full-time and 3 part-timers. Payroll averages +/- $1,710/week. Using $443,000 for annual sales this would be +/- 20.7% to sales (not counting the Owner’s drawer, equity withdrawals, or paychecks). (updated) Sellers Discretionary Earnings (Cash Flow)-SDE: As far as the SDE is concerned, the new Owner projection shows +/- $50,000. However, this is highly dependent on how the new Owner plans to run the business. But this projection is a good starting point for a “business plan” budget. (updated)