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Specialty Dessert Bakery Chain With Loyal Following
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Food and Beverage > Food Production and Packaging




Business Summary

This two location pastry, cake, cupcake, pie and confectionary oriented retail dessert bakery boasts a regularly following that includes large corporate clients (e.g. film studios), a bourgeoning custom cake client base and a healthy dose of loyal patrons that stop in occasionally or even daily to satisfy their cravings. The company's delicious products are a proven success, as evidenced by their sales volume. Now the enterprise simply needs to optimize its expenses, build its high margin business and potentially replicate both its high volume corporate client base as well as its high margin walk-in customer base!

Asking price: $349,000

Both locations occupy extraordinarily sought after real estate in two popular, yet significantly different, Los Angeles area retail markets. This allows them to attract not only the daily consumer but also the large corporate clientele that they cater to. The first location boasts 1,500 square feet with a full-kitchen and hood, in an extraordinarily popular retail area where such entitlements are in short supply, while the second 500 square foot location has an electric hood and is positioned to satisfy high foot traffic demand. The locations lease for $10,24 per month and $2,606 per month respectively (including NNN) on leases that expire in July 2021 and December 2020 with options to be negotiated in sale.

While general completion exists in the cake shop, confectionary and dessert related retail bakery product category, this 2 location chain has managed to capture two desirable market segments– the retail consumer and the corporate customer – that provide it a healthy overall margin.

The business could benefit from new management focusing on the highest margin business segments while also potentially additional retail locations that don't necessarily require a hood or on site food preparation.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,225,390
Cash Flow:   $110,363
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2006
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks at 20 hrs/wk
Reason For Selling:  Personal




Print Listing Id: 700314304
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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