$1,500,000.00
Asking Price
Status: Active
Posting ID: 287724
7/25/24
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. .
Contact
Details
Asking Price: $1,500,000.00
Down: Call/Email
Cash Flow: $423,000.00
Revenue: $3,001,333.00
Area: San Diego County
City: None Given
Attributes:
My Notes About This Listing
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ServingSan Francisco Bay Area, North Bay, Central Valley
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
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