Bakery Retail & Commercial bkry164

Price: $750,000 Location: Monmouth, New Jersey Industry: Bakery Listing ID: bkry164 High volume, highly profitable modern Bakery Café located in wonderful area of New Jersey and in an active city of Monmouth County, New Jersey. The business has a 2023 gross yearly income of $1,294,372 and a consistent net income of $355,703. The owner does not function in the kitchen, but functions only as management. The sale includes high-capacity excellent equipment with a modern attractive image. In addition to their retail sales, they have a very profitable wholesale division which maintains an excellent profit and income. The owner is semi absentee as a corporate group have elected to retire after many years of success. This Bakery has provided delicious cakes, pastries, and bread to residents of New Jersey since 1971. They are a full-service bakery with a daily selection of freshly baked items and a self-serve café beverage center offering delicious fresh ground coffee & teas. They invite their customers to visit and see 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! Additionally, they offer cappuccino, espresso and lattes and a selection of natural European jams & jellies. This is an 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 consistent return on investment to the owner operator prior to debt service. Listing Details Revenue: $1,294,372 Cash Flow: $355,000 FFE: $245,000 (Included in Price) Inventory: $1,000 (Included in Price) Form of Ownership: C Corp Reason For Sale: The purpose of this business transaction is due to the owner retirement after years of success in this particular industry. Training & Support: Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser. Operation Year Established: 1990 Year of Last Acquisition: 2016 Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 7:30 am to 6:00 pm, shorter weekend hours. Owner Hours Per Week: Full Time Non-Owner Payroll: $47 Employees: Regarding employees and payroll, this retail company consists of nineteen (19) employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $47,000. Managers: Yes Absentee Owner?: Yes Location Security on Lease: Two Months Lease Option: Yes Available Monthly Rent: 8.514 Type of Location: Commercial Square Footage: 2500 Relocatable?: Yes Facilities Information: This business opportunity is in New Jersey, Monmouth County on a highly active county road with substantial drive-by traffic. This business facility consists of approximately 2,500 square feet with an attractive appearance. The business is in a commercial retail mall conveniently location for its various customers. Summary Historical Summary: This is a fifty-year-old full-service bakery. Owner Qualifications: For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses. Competition: Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Potential Growth: Regarding growth and expansion, the retail company can be further developed by increasing the number of days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales. Financing/Terms: Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.