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#877
Seattle Metro

This Bakery is Closed

$150,000
Sold
This Bakery is Closed
This Listing is Sold

This turn-key retail and specialty events bakery business recently opened in summer 2007, and was turning a profit of ~$4,000/month on sales of ~$16,000/month as recently as December 2007. Due to personal circumstances, the current owners must unfortunately sell this exceptional facility as soon as possible. As a result, they are currently accepting any and all bids. The owners placed great pride and hard work into creating a warm and inviting family environment with the smell of "fresh" home-baked goods. Every item is made from scratch with the finest ingredients to ensure freshness and taste of the highest quality. There are more than $125,000 in new equipment under warranty and improvements, including 5 various large stainless steel Beverage Air refrigerators/deli case, a Saturn 500 Double Oven, a Le San Marco Espresso Machine, 2 Globe mixers, and much more. The retail store serves a high-traffic multi-use suburban strip mall that faces a major highway and garners nearby traffic from two new prominent restaurants and a deli. The mall also hosts free concerts and events throughout the year right outside your front door! Furthermore, the store has partnered with Tully's coffee and has an inviting living room that can appeal to those northwest cafe' aficionados. Approximately 1/3 of sales are earned from wedding cakes and providing desserts and other baked goods to several local grocers, restaurants, and coffee shops. If you are looking to start-up or expand your bakery business, this may be the perfect opportunity for you.

Take the next step and complete the online confidentiality agreement and you?ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to ?scoop in? the best opportunities. There are also more photos available to our registered buyers.

This is not a Paramount Restaurant Broker, Inc. Listing and Paramount Restaurant Brokers, Inc. assumes no liability for this ad or its content. Larry Braden is the listing broker and is licensed in Washington State.

This is a Larry Braden listing.
Broker Larry Braden DRE License #Wash - 8619 Cal. 01492583 Cal. R.E. DRE # 01492583

Lease

Region:
Seattle Metro
Lease Term:
4yr remain + 5 year option
Total Monthly Rent:
$2,995
Security Deposit:
$3,600

Financials

Last Year's Food Cost %:
N/A
Last Year's Payroll Cost %:
21.7
Last Year's Rent %:
22.7
EBITDA:
N/A

Operations

Liquor License:
No
# of Part-Time Employees:
8
# of Family Employees:
1
Hours Open:
Monday-Thursday 7am-7pm
Friday 7am-9pm
Saturday 8am-9pm
Sunday Closed
Year Established:
2007

Facilities

Indoor Seating:
15
Outdoor Seating:
16
# of Parking Spots:
200
Inside Sq. Ft.:
1150

Highlights

  • Turn-Key Bakery with New Equipment & Retail Storefront.
  • Monthly Profits of ~$4,000 on Sales of ~$16,000.
  • Sales Expected to Grow Throughout Holidays.
  • Very Warm and Inviting Retail Storefront.
  • Provide desserts and other baked goods to several local grocers, restaurants, and coffee shops.
  • Special Events and Wedding Cakes.
  • Built-In Espresso Stand Partnership with Tully
  • Huge Opportunity to Cut Labor Costs with Owner/Operator.
  • Located in High-Traffic Strip Mall.
  • Free Concerts and Events Promoted by Landlord Right Outside Your Doors.
  • Two Prominent Restaurants and Deli Recently Opened in Nearby Courtyard.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 62,696 317,126
Households 3-mi. 5-mi
2010 Number Of Households 19,448 109,044
2010 Persons Per Household 2.62 2.64
Median House Value $350,000 $304,475
Income Per Household $88,283 $72,527
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,024 6,988
2012 Number Of Employees 15,250 224,984
2012 Total Annual Payroll $262,136,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Larry Braden CA License #01492583 and WA License #18058 ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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