Bakery for sale in an upscale neighborhood 001064
Price: $209,000
Location: Tarrant County, Texas
Industry: Restaurants & Food/Bakeries
Listing ID: 001064
Bakery for sale in an upscale neighborhood. Over 15-year an established upscale bakery specializing in custom cakes and cupcakes is now available for acquisition. This bakery for sale was originally established by the current owner in 2004 and relocated to the current location in 2017 as the business has outgrown the space at the previous location. Right after the relocation, the facility was completely renovated at the cost of over $100K. This business is located in a 1,300 SF retail strip center space just off the major highway, surrounded by an extremely high-income residential neighborhood and an enormous presence of retail chains. Professional bakers prepare various menu items, including cake designers, from cupcakes, dessert cakes, wedding cakes, toppers & flutes. It also provides custom cake orders to accommodate all kinds of customers' preferences. Most of the customers are high-income Caucasian individuals and a good mix of various ethnic groups from the nearby affluent residential area. Competition is expected in this industry, but this business has built up its solid customer base accumulated in the last 16 years of operation by providing a strong product line and exceptional customer service, and custom-design cakes that have differentiated itself from the competition. Few competitors are still within the immediate market area, but this is the only cake shop that offers custom cakes and cupcakes. Revenues have been growing yearly, running at around 250K-280K per year over the last several years, but the growth has been temporarily halted due to COVID-19 in 2020. Although some online marketing is in place through social media outlets such as Facebook and Instagram, more proactive marketing methods must be utilized to achieve maximum income potential and grow the customer base beyond the immediate market area. Focusing on acquiring wholesale or corporate accounts for catering from nearby corporate offices and headquarters, medical offices, car dealerships, schools, churches, etc., can immediately affect overall sales. This business still has great potential as this bakery has been known as the best bakery in the area by the local community, and the demand for custom cakes and cupcakes is increasing through social media marketing. This is an excellent opportunity to acquire a well-established upscale bakery for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.
Down Payment: $105,000
Total Sales: $272,735
Cash Flow: $26,714
Inventory: $7,500 (Included in the listed price)
FFE: $120,000 (Included in the listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Retirement
Training & Support:
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
Year Established: 2004
Employees: 3FT/1PT
Absentee Owner: No
Square Footage: 1,300 SF
Facilities Information:
The business is occupied in a 1,300 SF space of a retail strip center located in a prime location surrounded by the national grocery market and an enormous presence of retail chains with heavy traffic. This business was relocated to its current location in 2017 and completely renovated right after the relocation. The condition of all equipment and facilities is in excellent condition. All equipment and facility are in excellent condition and great working order.
Competition:
Competition is expected in this industry, but this business not only offers quality products in a wide variety of cakes and baked goods but also provides customized options for its ingredient and design to accommodate all kinds of customers' preferences.
Potential Growth:
Currently, some social media marketing is in place, but other proactive marketing methods, such as direct mailing, flyers, coupons, loyalty programs, etc., must be utilized to generate more revenue. Marketing efforts to increase catering business to corporate offices and headquarters, medical offices, car dealerships, and churches nearby can also significantly improve sales as the catering business remains untapped. Adding a custom-designed cookie would be a natural fit, given the area's demographics and current customers' preferences.
Financing/Terms:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
