Specialty Bakery In Upscale Location- Type 1 Hood- $365k Sales- $55k Profit
Asking Price: $109,000
Location: Contra Costa City, Contra Costa, California
Yearly Revenue: $366,000
Yearly Cash Flow: $58,596
Monthly Rent: 3,627 base + NNN
This is a great specialty bakery business for a hands on owner or partnership, in a desirable location with high pedestrian traffic. The business has been operating since January of 2011, with a projected $40K increase in sales from 2013 to 2014.
The premises is 835 sq. ft. with monthly base rent of $2,880, plus $746 total for NNN & CAM charges. The existing lease term ends Jan. 1 2016, then a five year option to renew. Annual rent increases are 3% for the existing and for the option period. The interior has table and chair seating for eighteen, and features very high ceilings, polished cement floor surfacing, stylish pendant and recessed lighting. A nicely grained wrap around wood service counter features an inset glass display case and adjacent glass partition, and a contrasting engineered stone counter top surface. The behind counter has a POS system, an 8' type 1 hood with recently serviced fire suppression system, a 2-door gas convection oven, 2-door under counter fridge, a microwave oven, air pot coffee brewer, commercial grinder and two sheet pan roll racks. The kitchen area has all quarry tiled flooring, and equipment includes a 5 qt mixer and 20 qt commercial mixer, induction burner, a 2-door reach-in refrigerator, 3-compartment sink, prep sink and hand sink, ample wire rack shelving units and stainless wall shelves for plenty of storage, several stainless work tables and large under table flour bins. There is also a small built in office desk area, employee lockers, mop closet, in floor grease trap and there's a rear entrance for deliveries. There are two electrical panels with available power for adding additional equipment such as ovens, a walk-in, etc.