Turnkey Semi-Absentee Opp.-Great Harvest Bread

Business Overview:

A community staple since 1992, Great Harvest Bread is known for its delicious, made from scratch baked goods (and sandwiches, too!) and exceptional customer loyalty is ready for its next owner.

Key investment considerations:

SBA lender pre-approved for qualified buyers.

Turnkey operation with dedicated, trained staff in place makes this an ideal semi-absentee investment opportunity.

Freedom franchise concept - strong franchisor support that allows for local enhancements.

Located in a shopping plaza with 2 dozen stores offering a variety of products/services (major grocery/automotive repair shops along with medical/pet/specialty food stores) with intersection cross traffic exceeding 20,000 cars per day.

More than 50% of its guests are repeat customers with an average check of $20.

Consistent financial performance - annual revenues in excess of $600,000, adjusted cash flow in excess of $100,000, 2023 year-to-date results up 5% versus previous year.

Activities in community includes partnerships with schools and other businesses as well as local farmers markets.

Favorable social media reviews.

Asking price excludes inventory.

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Property Features and Assets:

Since its opening in 1992, this bakery has become a staple of the community, serving customers at its charming neighborhood store, numerous local farmers markets and special community events and organizations. The current owners, who acquired the business in 2016, have built a loyal customer base who return again and again for its wide selection of made from scratch sweet and savory breads, scones, cookies, cinnamon and pecan rolls as well as deli sandwiches and salads

Market Competition and Expansion:

Breads are the largest segment of the bakery goods market thanks to its affordability, availability and convenience. And with growing interest in bread’s nutritional value, the outlook for specialty breads, such as whole grains, high fiber or gluten-free breads is strong.Bakers and bakery owners are optimistic for the future, continuing to invest in their business as reported in a March 2023 article.

Reason for Selling:

Additional Details:

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