Profitable Bakery With Multiple Locations

Business Overview:

Established in 2015, the first location of this café laid the foundation for this growing enterprise. In 2018, a second location was added to the portfolio, further solidifying their commitment to serving its loyal and local client base. The two locations are strategically situated within the Des Moines metropolitan area, with the majority of their client base residing within a 45-minute radius. These offerings include dine-in options for those who wish to enjoy their meals on site, take-out for customers in a hurry, drive-through for added convenience, baked goods for sale both on-site and online, and events catering for various occasions with event space in house. The business boasts a strong and dedicated client base in the Des Moines metro area. This loyal following is a testament to their commitment to providing high-quality food, exceptional customer service that keeps patrons coming back for more. This business employs between 100 – 120 dedicated staff members across both locations. This team includes a General Manager who oversees daily operations at each site; a Director of Operations who ensures consistency across all aspects of the business; four Shift Leads responsible for managing teams during peak hours; Line Cooks, Cashiers, Bakery Associates, and food service staff.The owner maintains the “Big Vision” role and general oversight of management team responsibilities, allowing him to be semi-passive in the business. These duties can easily be absorbed by existing staff members or new leadership once the business is sold. The decision to sell comes as part of a strategic succession planning/divestment process.Priced at $3,495,000, a 10% down payment of $349,500 returns $524,297 in the first year after debt payments! Growthopportunities include incorporating additional locations into its portfolio or franchising its successful brand throughout other markets in Iowa or beyond.

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Property Features and Assets:

Assets Included in Purchase: $958,628

Market Competition and Expansion:

Growth Opportunities: Incorporate additional locations and franchise the company brand

Reason for Selling:

Additional Details:

Documents:

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