Businesses For Sale

Business Type: 
Wholesale & Retail Bakery
Location: 
San Diego County
Asking Price: 
$995,000
Listing #: 
PCBB - 379
Gross Sales: 
$2,052,141
Cash Flow: 
$319,783
Summary: 
This award winning Wholesale and Retail Bakery which has been operating successfully for over 50 years in San Diego County. The facility includes a fully equipped bakery for production as well as retail bakery business and on onsite deli and gift shop which account for about 65 % of the sales. The wholesale business continues to expand with products in over 80 locations in Southern California including many well know grocery chains. There are currently 34 loyal employees of which 25 are full time. The owner works about 25 hours per week and is selling the business to retire. The Seller will offer a long term lease for a new buyer or the opportunity acquire the real estate and nearly 13,351 sq ft, bakery with over 2 acres of land as an option. Sales & Financials: The sales have been consistent and over the $2 million mark the last several years. Sales for the wholesale and retail bakery, deli-on site and gift shop were $2,052,141. Sales update 2017: The sales for 2017 from Jan-June are consistent of 2016 as well as the adjusted net/Sellers Discretionary Earnings (SDE) Wages & Labor: The percentage of labor was about 6-7% higher in 2016 since the owners were working fewer hours. The SDE was higher in 2015 with less labor expense so a new full time owner could potentially increase profitability. The current SDE does not reflect any adjustments. Inventory: There is approximately $160k not inventory included with the purchase price. SBA: The business has been pre-approved for SBA financing based on certain buyer criteria. To qualify, buyers must have strong financials, good credit, and related experience in the food industry or owned similar businesses. Cash down 25% on business purchase $250k -$288k including inventory. Financing on real estate is available and loan can be built in or separate. Real Estate: The real estate and building can also be available for a new buyer as an option and appraised for $1,340,000 with cost approach for $1,410,000. Business and Real Estate: If a buyer wants to purchase the Business and Real Estate, the Seller will offer both for $2,335,000 plus $160,000 Inventory for a total consideration of $2,495,000 Detailed Information Inventory:Not included in asking priceReal Estate:OwnedNot included in asking priceBuilding SF:13,351Employees:34Facilities:The Bakery is a destination location in San Diego and has been visited by thousands upon thousands of customers and tourists over the years. The building is 13,351 Sq. ft and site 93,218 sq. ft. The facility is split between production and retail including deli and gift shop.Growth & Expansion:The Bakery has a stellar reputation and has been an award winner as San Diego’s Best for several years. The wholesale part of the business continues to grow and the potential is untapped. A new Buyer would be purchasing a business with several profit centers and brand recognition throughout Southern California.Financing:SBA with 25% cash downSupport & Training:The seller will provide comprehensive training to a new buyer or acquiring company to ensure a smooth transition.Reason for Selling:Retire