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North Side Chicagoland Bakery For Sale
Location: United States -> Illinois -> Skokie
Industry: Food and Beverage > Other Food and Beverage

Business Summary

Turnkey Operation – buy the whole business with the equipment!
Asking price: 150K
Call Jason at 773-354-6547

Sales & Revenue:
- Gross Sales in 2017 of $233,942.93
- Profit of $59,041.24 (after owners pay and car/gas/insurance) payments taken
- Profit without Owners Pay and Car Payments/Gas & Insurance = $137,883.88
- 59% profit margin before owners were paid (25% profit margin after owners were paid)
- Average Growth of 12% in sales year-over-year
- Prime location at the Evanston Farmer's Market, the best farmer's market outside
of the City of Chicago with gross sales between $30-40K

- In business for 11 years
- Amazing Cake Business with lots of return customers
- Company was featured on Chicago's Best and the Cooking Channel show Cake Hunters
- Yelp Rating of 4 stars, Google Rating of 4.5/5, Facebook rating of 4.8/5
- Wholesale accounts with Metropolis Coffee and Intelligentsia (no other company has both)
- Web site with over 10,000 views monthly

Recent & Future Developments:
- Built over 20 houses within walking distance of the bakery that sold between 600K-1.2 million and are adding 10-15 more luxury townhomes in the low 500K's in the next year
- December 2019 there will be an 11 story apartment complex built at the corner of Oakton and Lincoln within a block of the bakery, units start at $1200 for a studio space
- 5 Year Option on our current lease (can extend it through 8/2024) at $3300/month + 34.5% of taxes for building (around $7000/year)

Easy transition:
- Talented staff with an amazing assistant cake decorator and baker available for transition
- Owners will help to ease the transition over to new management

Additional Option to Buy:
- Gluten Free & Paleo Recipes can be bought for an additional cost


Asking Price Range:  < $250K
Gross Revenues:   $233,942
Cash Flow:   $137,883
Cash Flow Type:  EBITDA
Inventory:  $25,000
Seller Financing:  No

About The Business

Year Established:  2007
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owners available at a cost to ease transition
Reason For Selling:  Some owners are retiring, others are entering new careers to care for their families

Print Listing Id: 700325836
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