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- RE: Silverlake Area Retail Bakery With Loyal Client Base
- Contact: Ryan Clark
Quick Facts
Asking Price: | $1,200,000 | |
Annual Revenue: | $2,510,499 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $300,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $80,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2009 | |
Employees: | 2 | |
BBN Listing #: | 984316 | |
Broker Reference #: | ATBAKE |
Business Overview:
Located in the greater Silverlake, Los Angeles area, this daytime only bakery and cafe is renowned for its freshly baked breads, pastries, and a variety of breakfast and lunch options. The establishment has become a more than just a local favorite. It’s become a phenomenon that attracts residents and visitors to its inviting, cozy atmosphere with its qualify products and customer service oriented staff that exude the venue’s ultra-positive company culture. Patrons regularly praise the award-winning venue not only for its high quality offerings but also its best-in-class service, which make it a go-to spot for its loyal client base.
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Property Features and Assets:
This 5,800 square foot facility plus patio leases for $9,973 per month, with $4,913 in annual common area maintenance expense (CAM) on a lease until June 2028, including the 2-year option to renew. All of the company’s furniture, fixtures, equipment and enormous goodwill will be included in the sale. An estimated $30,000 in inventory will be included in the purchase price.
Market Competition and Expansion:
The cafe faces competition from a variety of establishments that vie for the same clientele, however, when it comes to artisanal bakeries, casual brunch spots or trendy coffee shops, we cannot think of any in the area that can offer a comparable quantity of unique offerings, that boast the customer embraced menu or that delivers the welcoming atmosphere this retail bakery delivers day in and day out. As such, this venue has established itself as a community staple without rival.
Reason for Selling:
PersonalAdditional 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:
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