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Sweet Opportunity: Bakery for Sale in High-End Area Near Charlotte, NC

Cornelius, NC
listing image
Asking Price:$199,000
Gross Revenue:$314,326
EBITDA:$68,625
Established Year:2008
Cash Flow:$47,197
Rent:$3,208/Month
FF&E:$68,275
Listing ID: 2246755Listing provided by BizBuySell
BUSINESS DESCRIPTION

Motivated Seller- Great for a first time buyer!

Bakery is located in the upscale lake town of Cornelius, NC in a popular shopping strip with multiple big box anchor stores that provide a lot of foot traffic.

Bakery specializes in cupcakes and cakes but offers a lot more as well including cookies, cake pops, brownies, rice Krispy treats, pies, and more!

Turnkey business opportunity with full staff and systems in place so that it can operate with a semi-absentee owner. Easily able to operate with a fully absentee owner if the right manager was onboarded onto the team.

The business has an established customer base with over 23,000 customer's contact info in our customer database including corporate clients, ongoing partnerships with other local vendors, and it is the preferred baker for a nearby wedding venue. In addition to storefront sales, the bakery also has an online storefront for customers to shop online for local pickup or nationwide shipping.

Bakery has hundreds of regular and repeat clients who return monthly for birthday cakes and cupcakes. It also has dozens of orders already placed for future dates guaranteeing business right away! With numerous major holidays in the second half of the year, now is the perfect time to buy this business. Get your foot in the door and use the summer to make any changes you wish to implement, then immediately go into the busy period of Back-to-school, Halloween, Thanksgiving, & Christmas sales!

DETAILED INFORMATION
Location
Cornelius, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,400
Lease Expiration
30/10/2027
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Bakery has had full uplift to include a beautiful FOH & large BOH kitchen space, office area, laundry room, bathroom, & stock/inventory room. Bakery has 4 refrigerators, 2 upright freezers, 1 deep freezer, 3 compartment sink, 2 20 quart Hobart mixers, 2 professional series lift-bowl kitchen aids, 2 commercial ovens, 6 burner stove with vent hood system, 10 stainless steel worktables, 4 speed racks, new HVAC unit (installed in 2021), new water heater (installed June 2024 with 6 year warranty), security system, hand-crafted custom bakery display case, etc.
Competition
Bakery is the leading competitor in town for custom desserts, wedding cakes, and gourmet cupcakes. This is the only stand alone bakery in the town that offers tiered buttercream or fondant custom cakes. The largest competitor is one city away and is a franchise, meaning it has limitations to what they can offer their clients to complete with us. Business is in a prime location with a large amount of foot traffic. Huge opportunity to work with the neighboring businesses in the shopping strip for events and custom marketing.
Growth & Expansion
Current owner began the process of franchising the bakery and can include the systems/planning paperwork to the new owner with the sale of the business if the buyer wishes to further explore the route of franchising the business. Franchising could turn this into a multi-million dollar company for the right buyer. There is also large room for growth with the e-commerce side of the business. Online shop can easily be expanded by pushing nationwide shipping more heavily than local pickup to further expand the customer base and dramatically increase sales.
Support & Training
Owner can offer to stay onboard to transition the business to the new owner so everything goes seamlessly. Willing to discuss length of provided training with the buyer to make sure the sale goes well and the buyer feels supported in the transition.
Reason for Selling
Personal
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Lexie Ortiz
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Lexie Ortiz
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