Bakery Netting $165K only 10% Needed to Buy

Business
  • Listing# : 18138
  • Listed Price : $415,000
  • Total Sales : $561,208
  • SIC : 5461
  • Down Payment : $41,500
  • Status : Active
  • Discretionary Earnings : $165,519

Business Type :

Food Business Retail / Food Retail Bakery

Business Description :

This business has been pre-qualified for a loan with buyer only needing 10% down ($41,500). Buyer would take home after paying debt service $101,000. Buyer would earn their down deposit back within 5 months!

This Bakery has been owned and operated since 1938. Over the past 70 years, they have provided the Philadelphia area with exceptional customer service and high quality baked goods. They offer a wide variety of cakes, pastries, cookies, donuts, and miniature fancies.  

They are an old fashion bakery that makes everything… and everything well. They take pride in this as the industry has become more specialized and bakeries begin to focus on limited product lines.  

KEY POINTS:

  • open only 6 days a week Tues-Sun
  • closed Mondays
  • full staff with manager 4ft/8pt
  • owner will stay on for 12 months, possibly more if needed
  • only 10% down needed to purchase
  • sales continue to grow over last few years

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $10,000
    • Incl : No
    • Liabilities $0
    • Incl :
    • FF&E $130,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $80,000
    • Incl : Yes
    • Total Assets $210,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Food Business Retail