Bakery - Cakes and Pastries

Everett, MA
Asking Price:$395,000
Gross Revenue:$660,000
FF&E:$200,000
Cash Flow:$200,000
Inventory:$25,000
Established Year:1986
BUSINESS DESCRIPTION

Retail, wholesale, and online specialty bakery

Fully turnkey business with multiple sources of revenue and deep roots in the region for over 35 years. We have developed a strong relationship with the local municipality, local customers, and support community services.
We specialize in Italian and American products but also offer a wide variety of pastries and baked goods from around the world, including: Brazilian, Mexican, El-Salvadorian, Ethiopian, and more. One strong element of our business is our offering of completely customized fondant cakes - any design and any size made to order per customer specifications. Some fast-moving products include: customized cakes of all kinds, customized cupcakes and specialty cookies, and a wide variety of specialty pastries.
Over the past 35 years we've established a strong retail presence in the greater Boston area, especially in Everett. In addition to retail, we've established healthy contracts with distributors and large venues in the region. Furthermore, we have steady revenue from UberEats and Grubhub, since 2018. You can hit the ground running with a smooth transition of ownership and immediate profitability - equipment, inventory, recipes, and staff are ready to go.
Our business is built on an excellent team that serves satisfied customers, and also reliably complete orders for the wholesale and online operations. The staff are all well-trained and hard working, often staying with the business for many years including 12, 15, and 19 years!
Store hours for 35 years were reliably 7 days per week, 8am-8pm. For the past couple years, as the owners approach retirement, store hours have been reduced to Tuesday-Sunday 9-6 (closed on Mondays), but can be expanded back to 12 hours per day, 7 days per week based on current demand.


DETAILED INFORMATION
Location
Everett, MA
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,300
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
2,300 sq.ft. total space. Storefront: 5 refrigerated showcases, 1 dry showcase, rotary showcase, 3 door ice cream freezer, 3 cabinet dry showcases, bread showcase. Decorating Area: 3 door freezer, fondant sheeter, marble and steel tables, sink, numerous fondant-shaping tools, etc. Prep Area: 3 door freezer, 2 door fridge, dishwasher, wooden bench, 3 steel tables, etc. Main Kitchen: 2x80 quart mixers, 16-tray gas oven (4 rotating shelves), 3 wooden benches, industrial dishwasher w 10 tray capacity, 4-door refrigerator, large walk-in freezer, gas stove.
Competition
We have no direct competitors for our product portfolio.
Growth & Expansion
Based on past experience, this business can easily be expanded by adding popular items: coffee, coffee beverages, softdrinks, prepared lunches, prepared dinners, etc. Our sales revenue rapidly increased when we offered these products in the past (the owners have reduced the product portfolio as they approached retirement). The diversity in the area also offers vast potential for reaching more customer populations. Wholesale revenue can easily be expanded through existing contracts; we are only limited by sufficient staff.
Financing
No financing
Support & Training
Offering 3 weeks of business and operations training
Reason for Selling
Owners are retiring

BUSINESS LOCATION
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