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San Diego, San Diego County, California
Asking Price
$210,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Mansoor Rabbani
Phone: Show phone number
Name
Mansoor Rabbani
Phone
Show phone number
Posting ID:
292264
Attributes:
Broker Cooperation
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Westchester, California
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CF : $ 319,300
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Los Angeles County, California
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The semi-absentee owner manages the operations - schedules and organizes purchases, pays invoices, etc., but semi absentee owner does NOT bake/cook in the bakery. The bakery is run by long time employees (some employees are working with this seller as long as 16 years, some 12 years, etc). The infrastructure is in place to add your experience, your products. The purchase price of this asset sale includes the FFE, the farmers' markets spaces, the leasehold improvements, the goodwill (wholesale business), the recipes, the infrastructure meaning the long-term experienced staff members running the current bakery and operations (all staff members want to stay after the change of ownership), $3,000 of food inventory supplies at cost, the van used to go to the farmers markets and used for deliveries, all the transferable permits, the name of the business, and much more. Tremendous opportunity for an experienced owner operator who can bring this bakery to the next level of growth, such as: add your line of products to the current line, open the coffee shop with regular and longer hours, add online deliveries (Postmates, Grubhub, Uber, etc) to this upscale & trendy neighborhood, create/develop social media (none at the moment), add products to the line at the coffee shop, also to the wholesale accounts and to the Farmers' Markets offerings. Increase the number of wholesale accounts and/or increase the amount of farmers' markets, etc. Fantastic location. Trendy, very walkable with cute shops, small restaurants, cool bars, parks. Mar Vista is at the heart of Venice/Silicon Beach (NE), vibrant Santa Monica (SW) & urban Culver City (SE). Demographics are young professionals median age of 35, safe and family oriented area, Millennials (spenders!) , Silicon Beach is less than 2 miles away, Kaiser hospital and medical offices less than 0.4 mi, 150 high-end apartments/condos with luxury amenities in construction 2 short blocks away, and new mixed used center being built next block, and dance studio that brings people all day long next door. Location very well positioned in current gentrification of Mar Vista. Many City developments. Call agent for details.
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