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  • RE:  Multi Location Bakery With Catering
  • Contact:  Not Disclosed
Owner Financing is Available!
10% Buyer Down Payment $325,000 15% Seller Financing $487,500 75% Bank Loan $2,437,500

Quick Facts

Asking Price: $3,250,000
Annual Revenue: $9,134,230
Net Profit: Not Disclosed
Cash Flow: $925,957
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 100
BBN Listing #: 987820
Broker Reference #: RST016-E2

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Business Overview:

The two locations are strategically situated within the Des Moines area, 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 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 holds more of a visionary role, 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. Priced at $3,250,000, a 10% down payment of $325,000 returns $429,019 in the first year after debt payments! Growth opportunities 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:

Add a liquor license

Reason for Selling:

Family

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

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