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Listing ID: 2763100

Specialty Bakery, Cakes Desserts Or Conversion Opportunity For Sale

Fort Worth, Tarrant, Texas, United States

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 300,000

Cash Flow: $ 50,000

Business Description

MegaBite Restaurant Brokers LLC offers, for your ownership consideration a specialty bakery that creates custom cakes, cupcakes and a multitude of whimsical baked goods in the heart of the affluent area of Fort Worth. The bakery creates everything from breakfast items to brownies to specialty items. All are made in-house and baked fresh daily, with constantly rotating and seasonal flavors and items. Known for its whimsical creations, both in taste and design, they have been voted "Best of" in many categories! The business is located in a popular and busy strip center directly at popular shopping, eating and entertainment destinations.
The owner has always had a love for baking and creative artwork and takes pride in every single cake or cupcake to guarantee a distinctively unique dessert for clients. Everything is made from the finest ingredients, always fresh, for a flavor that is not too sweet and super moist! Clients rave about the personalized and unique one-of-a-kind designs, and the “melt-in-your-mouth” moist flavor. Most customers are family oriented, ordering celebration cakes for every occasion and return year after year, along with a host of walk-ins that consist of mothers with young children, business professionals taking large orders to events/meetings and neighborhood people.
The owner works approximately 2-4 hours per day, overseeing operations, and feels that a major advantage over competitors is the seniority and experience of their employees. The employees are creative and are a major asset to the company. Customers are happy with the service and committed to using the company. The owner feels that they can be replaced by a hard-working owner who is dedicated to the company.
Optionally, the business is well-equipped as a bakery and could be readily converted to a niche bakery, cafe or other new concept.
The asking price for the assets of the business is $80,000 with $50,000 cash and $30,000 seller financing (3 yrs, 8%, monthly payments) to a purchaser qualified and approved by the Seller. The assets include inventory at cost of $1,500, Accounts Receivables of 0.00 and FFE (Furniture, Fixtures and Equipment) valued at $75,000. Sales price will be adjusted for actual inventory and customer deposits as of the sale date.
KEYWORDS: wedding birthday cake decorating custom cupcakes gourmet panaderia pastry bagels muffins croissant coffee espresso bread yeast gluten free bakeries cookie corner bakery Sell my Specialty Bakery For Sale

Property Details

Size:

2800

Years Established:

5

Property Type:

Lease

FF&E:

$ 75,000

Inventory Value:

$ 1,500

Other Details

Business Location:

popular strip center on a busy road

Premise Details:

The business consists of ~2,800 +/- SF in a popular strip center on a busy road, offering seating areas, kids play area and a party room with seating for 30+, office, tasting room, commercial kitchen, walk-in refrigeration, dish station and bathroom. The base rent is ~$3,195/month + NNN of $694 for a total of $3,889 per month. The security deposit is $3,374. The landlord is willing to offer a long-term lease with renewals to a qualified tenant.

Competition:

The business regularly attracts customers from a 15-20 mile radius with some new customers driving 30. The specialty bakery industry is very competitive. The local market has a range from small local mom & pops to large chains. Customers are prepared to drive to this store for superior service and products. Despite the presence of competitors, the business has continued to thrive and can grow with a new owner’s personal touch and marketing.

Expansion Potential:

This is a strong location on a busy street in a wealthy area with immense potential. All sales are in person or over the phone. The primary marketing strategies are social media utilizing Facebook, Instagram, Snapchat and word of mouth. The business posts daily on all accounts and has over 15,000 followers with an average of 3 new followers per day. A new owner can continue to grow the business and profits in several ways: 1) Hands-on owner operation, 2) Set up website to take online orders, 3) Open earlier than 7:30 am to catch the crowd on their way to work or to drop their kids at school , 4) Close later than 5:30 pm and try to capture some of the college crowd looking for a place to study. Setup wifi etc., 5) Develop B2B commercial customers such as a) companies, b) restaurants that don't make dessert in-house, c) event centers that outsource desserts, 6) Continue online social media marketing, 7) New Owner’s personal touch, 8) cross-training employees

Operation Details

Employees:

5FT + 3 PT

Support & Training:

The seller wishes to ensure a seamless transition with a purchaser and will train a new owner for 2 weeks, included with the price. If desired by a purchaser, the seller is willing to remain for a longer period, in a training or management part-time role, at mutually agreed compensation.

Miscellaneous

Financing Available:

Yes
Price $80,000: $50k down and $30k Seller-financing.

Reason For Selling:

Family

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