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Businesses For Sale   >>   Absentee Businesses For Sale   

Modern Bakery Cafe

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1823294
Net Profit / Cash Flow  $318000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1972
Number of Employees  20 - 34
Inventory  690000 Equipment & 20000 Inventory
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  The owner will remain post closing and supply an appropriate transitional period.
Reason for Sale  The owner is retiring after many years of success in this food service industry.

Description  
Highest quality Bakery Caf located in Northern, New Jersey Morris County, with a gross yearly income of $1,823,294.36 and a consistent net income of $318,000. The facility has been completely and fully upgraded with new state of the art equipment consisting of two floors and a beautiful ultra-modern image. The owners who are essentially absentee as a corporate group have elected to retire after many years of success. This Bakery has provided delicious cakes, pastries and breads to residents of New Jersey since 1971. They invite you to visit this stunning business and see for yourself the dedication to quality and service that has made them famous. Whether you are looking for an elaborately decorated, one of a kind wedding cake, special holiday treat or creative child's birthday cake, this retail Bakery has been satisfying customers in the same location for more than four decades! They are a full service bakery with a daily selection of over 200 freshly baked items and a self-serve caf beverage center offering delicious fresh ground coffee & a variety of teas. Additionally, they offer cappuccino, espresso and lattes and a selection of natural European jams & jellies. This is a most unusual opportunity representing a wonderful business and a dependable income. The sale includes two fully equipped state of the art kitchens, refrigeration units, displays, POS system, a fully equipped office, and various equipment required for this particular food service industry. The building has a seating capacity for 75 customers, 6,500 sq ft, with two floors consisting of a fully operational finished basement. The present owner is absentee and does not function with the day to day operation of this business. This retail food business presently has twenty two workers who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $25,000.


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