One Of A Kind Bread Company For Sale
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $500000
Net Profit / Cash Flow $64000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1996
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training One month plus.
Reason for Sale Divorcing; wants to teach breadmaking at culinary institute.
Description 12 year old bread company business for sale. Tremendous quality bread of all kinds from white, wheat, Italian, multigrain, etc. baked from scratch and fresh daily. Other items include muffins, scones, muffin bread, tea cakes, jams, jellies, preserves, etc. as well as fresh locally roasted coffee from Crooked River. Owner is going through divorce and has some health issues. 2007 sales were $500,000 up from $445,000 in 2006. Main business is wholesales selling to restaurants. One year left on lease but landlord easy to work with. Estimated equipment value $120,000, total FF&E $140,000. Machinery and equipment in excellent condition and extremely well maintained. Uses local vendors; ingredient costs increased dramatically in 4th quarter 2007 and early 2008 as flour and grains are at historic highs but should moderate in 2cd half 2008. Owner wants to work at cooking/food school teaching bread making at Int l Culinary Arts and Sciences Institute. New owner will need to work 50 hours per week. Wholesale accounts are gained word-of-mouth and as chefs move to new restaurants. Wholesale has grown past 5 years from 0 to $300,000. Has 17 employees, 6FT and 4PT equivalent. Wholesale accounts include restaurants, hotels, country and gold clubs, etc. Has top clients such as Lolita s, Blue Canyon, John Palmer s Bistro, Barrington, etc. Great reputation in industry and community. Has independent contractor for most deliveries; While wholesale business grew, retail business shrunk due to 911, low carb diets, and grocery store competition. Huge opportunity to increase retail as well as continued growth in wholesale with marketing / advertising. Net Cash Flow steady past 5 years at $50-$65,000. Cash Flow can be improved by product expansion, and more aggressive payroll control. Business needs new energy, enthusiasm and imagination. Has excellent relations with health department and all regulatory agencies. All licenses in good standing and allows all food products to be sold.
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