Last Revised: 9/12/19. Posting #: 10249088
Key Words: bakery, cafe, catering, pastry, pastries, cake, cakes, baked good, event catering, northern virginia
Financial Info: Asking Price: $725,000, includes recipes; brand name; social media presence and new website, furniture, fixtures, leasehold improvements and two vans. Gross Revenue: $2,041,263. EBITDA: $269,191. FF&E: $120,000. Rent: $17,756/month. SBA pre-approved. Newly negotiated 7-year lease, below market rate.
Profile: Profits up 200% in 2019! This bright and cheerful strip-mall located Pastry Shop and Café, is perfect for a quick bite and is a place where stay at home parents, commuters, and students might be coming and going. Families can enjoy Sunday brunch and order from the Belgian waffle and omelet menu. Or, parents can take a break while children hang out in the "kid's corner" with toys and supplies for artistic endeavors.
At its essence, this 30-year old community-centric business offers pastries, quality coffee, espresso, and cafe products at a competitive price to meet the demand of the middle to higher-income local market area residents and tourists.
The business owner and his wife are retiring and are offering this business asset sale for $725,000, includes recipes; brand name; social media presence and new website, furniture, fixtures, leasehold improvements; and, 2 vans (one newly purchased delivery van).
• Consistent profitability, loyal customer base
• 16 full-time employees plus an experienced General Manager in place
• Experienced, dedicated, high-performing staff in key roles
• Newly negotiated 7-year lease - below market rates
• Rolling out a new, upgraded website (videos, cake pictures) within a few weeks
• Great tasting food, strong local reputation and name recognition
• 26 years in a row "best of designation" in local magazines
• Won numerous local cook-offs
• Extensive press coverage
• Favorable online review ratings
• Convenient location with ample parking
• Catering master agreements in place with 6 event venues
An already thriving local economy is about to get better. Much better. The location of Amazon HQ2 is less than 5 miles to the shop and will produce significant growth in retail activity in the surrounding community. The pastry shop believes that it will directly benefit from new residents and related businesses driven by Amazon’s presence.
Unveiling plans for the first phase of construction of HQ2, Amazon says the campus will support local businesses and will create new public spaces for the area. Amazon expects to spend $2.5 billion dollars on the campus where 25,000 employees will work in the next 10 years.
There is not a closely located competitor that offers the breadth of pastries, cakes, and café items that this business offers. Within the same shopping center, there is a single in-store grocery bakery, and one donut shop. The next closest standalone bakery (one mile) specializes in whole grain breads and cookies. Panera is located five miles away but is located on the opposite side of the beltway and thus would not draw the same set of commuting customers.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: BizBenNetwork Manager Jordan Green provides business buyers with tips for ensuring a smooth transition into business ownership and details ways to successfully approach topics such as training, employees, vendors, and contracts in order to keep business running smoothly after assuming ownership.
Key Words: purchase agreement, training period, training, transition, employees, buying a business, business purchase, purchasing a business, jordan green
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Key Words: nda, non-disclosure agreement, confidentiality agreement, non disclosure, non disclosure agreements, confidentiality, confidential information, buyer profile, business buyer, prospective buyer, buyer prospect, liability, legal issue, legal, jordan green
Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
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