Bakery w/ High Revenue - Unaffected by COVID-19

Listing Number: 76931-185245

Description

COVID-19 UPDATE:
Sales for this bakery has remained strong during the pandemic months and there are even a couple of months that have outperformed 2019 sales! This is a great business opportunity that has not been affected by the COVID-19 situation! See the sales trend below:

May thru August 2020 has seen a 16% sales increase vs the same time in 2019.
June thru August 2020 has seen a 22% sales increase vs the same time in 2019. The momentum is strong, especially since the owner’s have increased social media work and contracted with delivery services Uber Eats, Door Dash and Favor

This very popular bakery up for sale was established in 1991 by a highly esteemed chef as a wholesale venture operating from her house. She began selling cakes to businesses and eventually moved into a store front in the Copperfield area. Once the business grew to capacity, it was relocated to a larger location nearby, which is the current location.

Over the years it has serviced wholesale and retail customers alike. With the increase in industry commodity prices, this bakery , with it's new and current owners, decided to focus exclusively on retail special order cakes and other baked goods and so far it has been successful.

It's followers have been unwavering in their support, with multiple generations still coming to the bakery for their special occasion cakes and sweets.

Current owners are willing to train for 2 weeks. Also, the original owner and highly esteemed chef, who started this business is willing to be a consultant for new buyers, at a negotiated pay, if necessary. She has almost 30 years of experience in the business.

Seller is open to seller financing.

Listing Details

  • Price: $295,000
  • Down Payment: $200,000
  • Sellers Discretionary Earnings: $115,201
  • Total Sales: $621,588
  • Location: Harris County, Texas

  • Inventory: $0
  • FF&E: $94,480
  • Employees: 8
  • Year Established: 1991
  • Reason for Selling: Focusing on other business
  • Category: Food Business Retail
Bakery w/ High Revenue - Unaffected by COVID-19

Contact Agent:

Quoc Pham