Excellent Bakery Franchise - Huge Clientele

www.GlobalBX.com

Listing ID: 700270449

Listing Title: Excellent Bakery Franchise - Huge Clientele

Quick Link: http://www.globalbx.com/listing.asp?bId=270449

Industry: Food and Beverage

Industry Segment: Other Food and Beverage

Country: United States

State / Province: Nebraska

Area

City: Grand Island

Asking Price Range: < $250K

Gross Revenues: $371,489

Cash Flow: $40,268

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1997

Number of Employees: 10 - 19

Business Description:
Purchase Price: $70,000 10% Buyer Down Payment: $7,000 15% Seller Financing: $10,500 75% Bank Loan: $52,500 With assets partially collateralized on the bank loan, a $7,000 down payment could yield a net operating income of $28,940 the first year, equaling a 413% return on investment. With a full, dedicated staff in place, this opportunity to own a bakery and quick-service restaurant has endless growth opportunities. Under current hours of operation, the focus is on providing breakfast and lunch along with catering options. The owner has built up a strong customer base within Grand Island and the surrounding communities, resulting in solid sales. There are 11 employees, including 3 full-timers and 8 part-timers. Key staff people are in place who can help manage daily operations. The current owner is responsible for payroll, ordering, inventory, scheduling and assisting during peak hours. With franchise support, a buyer could easily increase sales by developing marketing, creating a catering and wholesale business plan and extending the current hours. Operating the business for almost 2 years, the current owner has decided to pursue other job opportunities, and they are not able to devote as much time as they would like to the business. The bakery is priced at $70,000, and with a 10% down payment, the first year's net operating income could be $28,940, or a 413% return on investment.



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