Bakery Business Selling Cookies Breads Cakes Ice Cream In Danbury

Description

This is a high traffic 2050 square foot bakery with a 500 square foot basement located in a quaint New England town shopping center centrally located near the post office town offices several banks gas stations and another shopping center across the street.This bakery sells approximately 40 to 50 cakes for all occasions per week. They also make approximately 350 loaves of bread per week.The store has 28 seats and sells coffee teas espressos lattes donuts Danish cookies pastries muffins scones bagels rolls croissants crumb cakes turnovers and cakes for all occasions. They also sell 28 flavors of hard ice cream gelato milkshakes and bake 11 varieties of bread. One or two days a week they also make a few pizzas and sell them by the slice.This business is the only bakery in town except for two food stores. The bakery has been in the same location for 58 years and under the same owner for the last 27 years.What the owner will do for the buyerThe owner is preparing for retirement. He will help a qualified buyer with owner financing and training with his recipes.The owner works full time with one full time and three part time employees. Payroll averages approximately 1710 dollars per week. Based on 443000 dollars in annual sales this represents approximately 20.7 percent of sales not counting the owners drawer equity withdrawals or paychecks.Sellers discretionary earnings SDEThe new owners projection shows approximately 50000 dollars. This depends on how the new owner chooses to operate the business. This projection is a starting point for a business plan budget.