Artisan Commercial and Retail Bakery and Patisserie in Central VA
| Asking Price: | $849,000 |
| Gross Revenue: | $2,300,000 |
| Cash Flow: | $255,000 |
Filament Business Advisors is proud to list this well-established, award winning bakery for sale in a high foot traffic location. This bakery makes a variety of highly acclaimed artisan breads, breakfast pastries, cookies, cakes, desserts, snacks, and other delectables from scratch, and sells one third of them to high volume commercial accounts. Locals line up to buy the rest, either online or in person.
As they’ve grown since COVID, much of their competition has suffered or closed. With the bread business alone slated to grow at a CAGR of 7.27% over the next 4 years, they’ve carved out quite a profitable niche with a market share that is only growing. The company goes through 90 sacks (4,500 pounds) of flour in a 6 day week, under three long term managers. The owners have largely stepped away from day to day operations but stay involved with their 20 employees and thousands of long term customers at their 3000 square foot fully-equipped production and sales location. The lease has 3 more years on it with options. They are seeking to retire.
A new buyer could easily add value by increasing the hours of operation - 7 days, and evening dessert service, by adding pizza, ice cream, chocolate, alcohol or espresso drinks. Furthermore, the bakery could supply more satellite locations, food trucks or restaurants looking to outsource baking and pastries. Alternatively, new owners could move some production to a more cost effective location and grow the dining area to better accommodate the additions outlined above.
The right buyer could be a restaurant, winery, gourmet market or hotel group that would like to stop buying bread and paying pastry chefs, or improve and diversify what they’re already doing, while at the same time hedging against meal period dependence and future pandemics. A larger bakery operation might want to break into this market by buying this industry leader and grow market share the fast way. A gourmet distributor might want to add high quality products to its catalog to ensure larger and more regular deliveries built on bread and pastry orders to key accounts. Baking and Pastry professionals who would rather buy a successful, profitable business than spend decades building it could easily take this over, as could caterers or event venues looking to own their supply chains, add amenities and diversify their cash flows.
