Iconic Bakery for Sale in Western Colorado

Iconic Bakery for Sale in Western Colorado

Iconic Bakery for Sale in Western Colorado

Price: $330,000

Location: N/A

Industry: Specialty Food Stores

Listing ID: 17025328
DESCRIPTION

This is a full line retail and wholesale bakery. The made from scratch, in-store prepped and baked products include assorted breads and rolls, cookies, cakes and cupcakes, muffins, donuts, pies and a full array of pastries. Seasonal products are crafted for holiday enjoyment, as well as custom ordered cakes and cookies. All products are fresh and hand made, and not prepared from frozen or outsourced ingredients. As an Ionic Landmark for seventy-three years, this locally owned, family run Business focuses on quality and freshness. Nearly 75% of the customer base is walk-in business and bakery services various local restaurants and businesses with assorted pastries, breads, and rolls. The customer base includes people from the Western Slope of Colorado and Eastern Utah. The current owners have run this operation for forty five years and are now ready to retire.

LISTING DETAILS
Total Sales:

Seller’s Discretionary Earnings (SDE): $125,000

FFE: $100,000

Reason For Sale:

Seller retiring.

Training & Support:

Seller agrees to provide training 8 for weeks at 30 hours per week following close of escrow. The seller will provide consultation by phone, email and text for an additional 8 weeks.

OPERATION
Year Established: 1972
Employees: 15

LOCATION
Monthly Rent: $2,167
Square Footage: 3000

Facilities Information:

The business occupies a 2976 sq ft building, built in 1972, and is located a very short distance from a main thoroughfare through town. There is ample parking available for customers and deliveries.

SUMMARY

Competition:

There is very limited competition in the area which produces fresh made, crafted on premises, baked goods. Chain supermarkets, convenience stores, and bagel type businesses are the only competition. Although their locations may provide more convenience, product selection is very limited and rarely crafted in-store.

Potential Growth:

This Business maintains a solid customer following with many generations of families continuing to patronize the bakery. The business currently utilizes all of the square footage in the preparation and retail areas of its location. Expansion might include a larger social media presence and an over the air advertising campaign.

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CONTACT DEAL OWNER

Annette Filecci

Phone:
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