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For Sale: Iconic Bakery - Well Established, Profitable - San Diego County, California

$1,500,000.00

Asking Price

  • Status: Active

  • Posting ID: 287724

  • 7/25/24

San Diego County Iconic Bakery - Well Established, Profitable Business For Sale

Description

Iconic does not even begin to properly justify this beloved bakery brand that has been established for more than 40 years! 

There are 2 retail locations, with one location also serving as a large production kitchen set up with newer high-end - high volume equipment, including a large state of the art walk-in oven. 

One location is leased at  $6,190/mo. and carries a new 10-year lease. 

The second location includes the real estate priced separately at $2.3M (owner may lease this if a buyer chooses not to purchase) 

This is one of the most loved and well-known businesses in San Diego County and for good reason we are keeping this listing confidential, and will only share details with pre-qualified buyers who execute our NDA. 

Financial Details:

Gross Revenue

2021 - $2,881,108

2022 -$2,756240

2023 -$3,001,333

Cogs

2021 - $718,643

2022 - $669,136

2023 - $713,358

Real Estate:
Price: $2,300,000
Size: 10,600 SF + 3 acres of land

Business for Sale:
Price: $1,500,000
Rent: $6,190/mo.
Lease Term: 5 Years + 1 5-Year 

 

Net Income 

2021 - $424,472

2022 - $444,882

2023 - $400,000

Real Estate:
Price: $2,300,000
Size:  Large building +  3 acres of land

Business for Sale:
Price: $1,500,000

There are a number of oportunies to grow this business including expanding the brand into wholesale distribution, mail order sales, facility rental and events on the 3 acre property, expanding the retail store count, expanding the coffee program, adding liquor/beer & wine. Costs can be more efficiently controlled. 

To get more information about this Iconic Bakery - Well Established, Profitable business for sale in San Diego County please phone Michael Spilky (Broker - BRE License #:01840957) at 858-764-4223 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #287724 on BizBen.com. In addition to phoning Michael Spilky, make sure you email Michael Spilky above to get more info about this Iconic Bakery - Well Established, Profitable, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01840957. Location Matters Inc. .

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Contact

  1. Name: Michael Spilky
  2. phone iconPhone: 858-764-4223

Details

  1. Asking Price: $1,500,000.00

  2. Down: Call/Email

  3. Cash Flow: $423,000.00

  4. Revenue:    $3,001,333.00

  1. Area: San Diego County

  2. City: None Given

  1. Attributes:

    Training & SupportReal Estate AvailableLicense (Liquor, etc.)

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Related Links & Information Regarding This Posting

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