Coffee & Donuts Retailer / Bakery | 9 Locations & Growing

This business has one of the most compelling backstories ever told. The inception of the business is rooted in the late 1800s. Continuously running since that time, it was purchased by a group of guys who turned it into a media sensation. It has been featured on Good Morning America, many nightly news broadcasts and in leading news publications. The owners have restored the success of the local bakery in their hometown and expanded it, with a hub-and-spoke model to eight other locations within a one-hour radius of the bakery. Three of the locations are owned by the company, while the others are store-within-a-store models licensed to the retailer. Known as one of the funniest and most entertaining new business concepts in recent years, the owners maintain an impressive presence on social media with over 68,000 followers, which helps drive retail sales. Uniquely, it is also visited by thousands of tourists and vacationers each year, wanting to see the business and meet the owners they have heard about. It has morphed into diversified business segments, including apparel, books, and online sales. With over twelve years of experience, this concept is proven, with solid management, systems, controls, and procedures allowing owners to operate easily and maintain an excellent quality-of-life balance. Many customers say these are the best-baked goods on the planet. The doughnuts, breads, and cookies are baked from scratch on a daily basis and then shipped to the surrounding locations. While most other bakeries have gone toward using preservatives to extend the product’s shelf life, this business has resisted. You can taste the difference. The growth potential for this business is genuinely unlimited. It maintains an impressive organic growth rate with existing locations. New locations can be added and licensed with minimal capital expenditures. The hub and spoke model could be duplicated in other parts of Michigan, the Midwest, and the United States with the next owner (s). Due to retirement, the owner is now offering the business for sale or merger. It is preferable to sell the real estate, including multiple locations, in the transaction.