Quaint Glendale Retail Bakery Outlet w/Convection Oven – Charming Loca
Glendale, CA
| Asking Price: | $85,000 |
| Gross Revenue: | $368,674 |
| Rent: | $19,932 |
| FF&E: | $20,000 |
| Cash Flow: | $80,490 |
| Inventory: | $2,000 |
| EBITDA: | $80,490 |
| Established Year: | 2012 |
Listing ID: 2300751Listing provided by BizBuySell
BUSINESS DESCRIPTION
This specialty bakery outlet has a proven concept that’s embraced by locals. While the location has a convection oven, it does not have a kitchen or hood as its largely supplied by its owner’s commissary kitchen. The name and concept are not being offered in the sale but new management may attempt to replicate their customer embraced products or they may offer their own fare.
DETAILED INFORMATION
Location
Glendale, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
500
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This quaint 500 square foot outlet with sidewalk seating and onsite parking boasts an attractive $1,600 per month lease rate including common area maintenance (CAM). All of the location’s furniture, fixtures and equipment will be included in the sale. The trade name, recipes, trademarks, website, email addresses will not be included. The seller may agree to licensing the name and supplying wholesale items made by the owner’s separate wholesale kitchen which is not included.
Competition
While competition for mainstream name brand name coffee, tea and pastry, dessert or bakery products is high, this this highly artisanal outlet exudes authenticity with a community-based following.
Growth & Expansion
New management will do well to stick to high-quality, handcrafted offerings with locally sourced ingredients, while maintaining the location’s charming atmosphere. The location may maintain a coffee, tea and bakery item focus or new management may choose to implement any number of concepts that do not require a full-kitchen or a hood (e.g. juices, smoothies, boba, ice cream, etc.). The location can also operate as an outlet for an existing brand that is supplied by a central kitchen.
Support & Training
Seller will train for 2 weeks at 20hrs per week or as negotiated.
Reason for Selling
Personal
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