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Asking Price: $183,900

Bakery Business established over 58 years

Not Disclosed, CT
Fairfield County

This bakery sells /- 40 – 50 cakes for all occasions a week. They also make /- 350 loaves of bread a week. Wanna know what else they sell?The store has 28 seats and sells coffee, teas, espressos, lattes, donuts, danish, cookies, pastries, muffins, scones, bagels, rolls croissants, crumb cakes, turnovers, and cakes for all occasions. They also sell 28 flavors of hard ice cream, gelato, milkshakes, and bakes 11 varieties of breads. One or 2 days a week they also make a few pizzas and sells them by the slice.This business is the only bakery in town except for the 2 food stores. Been in the same location for 58 years and the same Owner for the last 27 years.The Owner wants to get ready for retirement. He will help a qualified Buyer with Owner financing, and training with his recipes. The store has different winter and summer hours:Summer Hours are Mondays 7-11am, Tuesday – Saturday 7-9pm, and Sundays 8-1pm. Totals 79 hrs/week. Winter Hours are Monday – Friday 7-7pm, Saturdays 7-6:30pm, and Sundays 7-12pm. Totals 68.5 hrs/week.The Owner works full-time with 1 other full-timer and 3 part-timers. Payroll averages /- $1,710/week. Using $430,000 for annual sales this would be /- 20.7% /sales (not counting the Owner’s drawer, equity withdrawals, or paychecks).The Owner is the baker. He has an assistant that helps in the kitchen. All the other employees work the sales counters. Sales is being projected to be $430,000 this year (2023) and the new Owner’s projection should be /- $463,000. Note that advertising and promotion can be increased even more than present expenditures - something that a new owner should quickly address. As far as the SDE is concerned, the new Owner projection shows /- $50,000. However, this is highly dependent on how the new Owner plans to run the business. But this projection is a good starting point for a budget in a “business plan”.There is 3 years left in the current term of the lease plus there are 2 – 5-year options. Base rent is $2,391.67/mo ($11.25 psf) The nets are $7.75 psf /- $1,541.67/month. Total rent is $3,933.34/month or $18.50 psf. This is an interesting opportunity to get an established bakery business with an Owner who wants to make sure you get off to a good start. The town has good schools, it's near a lake and the area has all kinds of shopping, dining, hospitals, and amenities. Can’t ask for a nicer place to live, raise a family and have fun when not working.Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, or can be e-Mailed to you upon request. Detailed financial information showing the ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.Miscellaneous:The interior assets include: the 28 seats in the front, a coffee, tea, espresso & soda area on the right, and 2 ice cream cases holding 16 tubs (flavors) in one and 12 (flavors) in the other. Between are 3 4-shelf pastry cases and 3 lighted bread cases. In a room on the left side is an office and cake decorating areas. In the rear are 2 kitchens with all kinds of fancy pieces of equipment needed for cookies, breads, cakes, and pastry making.Support & Training: Several weeks to learn the recipes and how to bake the items plus training as needed to learn how to use the equipment that may be new to the Buyer. The owner will even consider some consulting time if the New Owner wants. Owner is very flexible and accommodating.The Owner been doing this a long, time. He plans to retire or do something else that isn't as demanding on his time.One more thing…I forgot to mention. Also included in the sale is a 15K, 35KW, 3 Phase Diesel Generator. Just because the electricity goes out, doesn’t mean the breads, cakes and pastries aren’t going to be made!

Cash Flow $50,000
Revenue $430,000
$ Owner Financing Available

Asking Price: $1,250,000

2 Award Winning Multi-Branded QSR Stores

New Haven, CT
New haven County

Two Award Winning QSR Multi-Branded Store Locations and Ghost KitchenBusiness Description: Two separate prime unit locations in CT. One of the stores is a single concept location serving Boba Teas and Coffee. This store is located in close proximity to the campus and dorms of a major high profile university. The second location is a shared multi-unit store front housing three highly profitable different franchises all under one roof; A Boba teas franchise, an Hawaiian Poke bowl franchise and a ghost kitchen Salad Concept.Business Includes:-       Dedicated and experienced franchisor team & Supply Chain Support-       Group purchasing power-       Highly customizable menu options-       Fresh quality ingredients prepared daily-       Innovative & proprietary recipes & sauces -       Minimal cooking with no expensive grills, fryers or hoods-       Ongoing development of limited time offerings-       Text & email marketing-       Digital menus-       Mobile and on-line ordering-       Third party delivery with GrubHub, UberEats and DoordashHistorical Summary: The two (2) stores and all three franchise models were the brainchild of 2 very successful entrepreneurs who are also brothers.  These stores are currently family run and are part of rapidly growing franchise systems. Both stores provide fast food and don’t require table service. This type of restaurant is highly popular and typically offers a fast return on investment.These franchises are favorites of Gen Z and Millennial customers as well as health-conscious families and young working professionals. All three concepts offer the highest quality ingredients. The larger multi-unit shared location has the advantage of allocating the fixed operating costs across the revenue streams of three separate and distinct concepts in a side-by-side footprint.

Cash Flow $401,143
Revenue $1,686,206
$ Owner Financing Available

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