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Vermont Bakery & Cafe
Location: United States -> Vermont -> Burlington
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

After 10 years, we're ready to retire. An incredibly popular and successful bakery & cafe in Burlington, Vermont is ready for new ownership. In 2019, our sales were 1.75 million. As owners, we set it up with solid systems so we wouldn't have to be present for it to operate. We traveled a lot, and only had to check in with staff to make sure things were running smoothly. The business was appraised at $800k last year, but we are willing to drop the price due to current circumstances.

This is a fantastic opportunity for someone to relocate to a beautiful part of the country and start a new life. There is a possibility that we could include our home in the deal as well, if the right buyer comes along.

The business is in a leased, large garage with huge roll-up doors. It is bright, clean, modern, yet very Vermont. We have a 45 seat dining room, and serve breakfast and lunch, in a quick-serve style, where customers order at the counter, return to their seats, and come back for their food when their names are called. The menu is casual, with everything from scratch.

We also provide private parties, which generate a lot of profit. Wedding rehearsal dinners are popular.

The bakery aspect of our business provides bread and pastries for the cafe (generating up to $1000/day in sales in summer, pastries alone), as well as sales to 3 local grocery stores.

There is room to grow this business in every department, but again, we are ready to retire and hand it over. We would provide training and guidance to the new owners.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,750,000
Cash Flow:   $275,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2009
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Retirement




Print Listing Id: 700348969
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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 > Vermont Businesses For Sale > Vermont Franchises For Sale > Vermont Business Brokers



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