Bakery business for sale serving custom cakes 001094
Price: $89,000
Location: Dallas County, Texas
Industry: Restaurants & Food/Bakeries
Listing ID: 001094
Bakery business for sale serving custom cakes.13-Year established custom cake shop is now available for acquisition. This business specializes in wedding cakes & a variety of custom cakes ranging from graduation cakes, birthday cakes, seasonal/holiday cakes, cupcakes, cake pops/cookie cakes, etc. This business was established by the original owner in 2008 and was acquired by the current owner from the original owner in 2019. Overall demographics of this cakery are a good mix of upper-middle class families and wedding customers of various ethnicity. This business has built a strong customer base since its inception in 2008, consisting of many solid repeat customers for event cakes. The gross sales of this cakery have been consistently growing at around 210K per year and continue to grow even under the pandemic. This is a great opportunity to acquire a well-established custom cake shop 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: $45,000
Total Sales: $202,884
Cash Flow: $37,126
Inventory: $7,500 (Included in the listed price)
FFE: $15,000 (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 allow the transition into the business as seamlessly as possible.
Year Established: 2008
Employees: 2FT/2PT
Absentee Owner: No
Square Footage: 1,900 SF
Facilities Information:
The business occupies a 1,900 SF end-cap space of a retail strip center surrounded by densely populated residential neighborhoods. The area where this business is located is anchored by many retail businesses, restaurants, nationwide franchise fitness, etc., which generates high traffic. The facility was renovated in 2019, and all major kitchen equipment has been well-maintained and is in good working order.
Competition:
Although there are several competitors in the immediate market, this business has accumulated a large customer base through high-quality products and personalized service and continues to grow.
Potential Growth:
The marketing of this business has been much more improved under the current ownership than when the previous owner operated it. The business website was newly built, adding an online store where customers can purchase cakes directly on the online menu. In addition, other online marketing is in place through Google Adware, wedding wire (online registry), social media outlets, etc. Currently, no online delivery platform, such as Uber Eats, DoorDash, or Grubhub, is set. Initiating 3rd party delivery service can greatly improve sales as the demand for delivery and take-out service is growing more than ever after the COVID-19 outbreak.
Financing/Terms:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
