AWARD WINNING WHOLESALE BAKERY WITH MAJOR CONTRACTS WITH MAJOR VENDORS
(FOOD , BAKED PRODUCTS)
LONG ISLAND, NEW YORK
Listed Price: $ 749,000
Listing ID: XCNY220031
Listing DetailsGross Revenue: $ 1,374,195
Cash Flow: $ 284,466
FFE: $ 225,000 (Included in Price)
Inventory: $ 25,000
Form of Ownership: S Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
RETIREMENT
Training & Support:
FULL SUPPORT AND TRAINING WILL BE PROVIDED
Listing SummaryBusiness Description:
THIS IS NOT YOUR AVERAGE BAKERY! IT HAS BEEN FEATURED ON NEWS12, THE E! CHANNEL, AND THE FOOD NETWORK. WON MULTIPLE AWARDS.
It features two retail stores in high traffic, “main st” locations. Plus an expanded kitchen to support the wholesale business.
Great opportunity for a new buyer to grow the wholesale business, as it can support the growth.
Wholesale accounts include catering halls, country clubs, wineries, hospitals, universities, and restaurants.
Wholesale division accounts for roughly 40% of revenue.
Owner is a culinary trained chef with over 20 years of experience.
He oversees a staff that prides themselves on cutting edge design and baking techniques to stay ahead of the curve.
ALL EMPLOYEES WILL STAY ON.
All goods are baked fresh daily on site.
Offerings include cakes, cookies, tarts, muffins, and assorted pastries.
The real jewel is the award winning wedding cakes.
Historical Summary:
Started in 1995 with just 6 employees.
The Business has grown to about 50 employees with a booming retail and wholesale business.
Foot traffic of about 2700 customers per week.
Off-premise wholesale accounts account for 40% of revenue and growing Rapidly.
Owner Qualifications:
Business Ownership Experience Helpful.
Competition:
LIMITED
Potential Growth:
UNLIMITED WITH WHOLESALE EXPANSION
Financing/Terms:
negotiable
LocationOption: Yes
Type of Location: Commercial
OperationYear Established: 1995
Days & Hours of Operation: M-F 6am-7pm Sat 7am-7pm Sun 7am-5pm
Owner Hours: 40
Employees: 50
Managers: 2
Absentee Owner: No