Wedding & Specialty Bakery – Award-Winning

Wedding & Specialty Bakery - Award-Winning

Location:RI
Your Reference ID: 19860

FINANCIAL INFORMATION

Asking: $150,000
Gross: $589,675
Cash Flow: $171,067
Furniture, Fixtures & Equipment: $20,000 (Included in Price: Yes)
Inventory: $10,000 (Included in Price: Yes)
Real Estate: N/A

SUMMARY DESCRIPTION

* 2021 Sales up 180% with continued demand in 2022.
In operation for over three decades, the business is a long-established fixture in RI for wedding and specialty cakes, pastries and confections.
The current owner has continued the traditions of the founder to achieve consistent growth of the company utilizing original, scratch-made recipes on their award-winning wedding cakes, fine deserts and favors.
The company has built loyal relationships over the years with consumers and key partners in the hospitality business including hotels, restaurants and other event venues in the region through their consistent, trusted delivery of premium, specialty baked goods.
The markets which the company serves include popular tourist towns, wedding destinations and venues and affluent communities throughout RI.

FACILITIES

Located in a large retail plaza on the main route through town, minutes from the interstate highway, the facility is approximately 2,800 square feet featuring a street-facing storefront, retail counter and showroom and back office bakery. There is a large parking lot, both storefront and street-side signage and a commercial back door for delivery of supplies.

GROWTH/OPPORTUNITY

In addition to the tangible furniture, fixtures and equipment and other intangible assets of the business, a new owner will acquire the original, scratch-made recipes that are a key, differentiating asset of the company and brand. While leveraging the unique brand equity and products that the recipes produce, the company can increase sales by expanding the offerings with new items, convenient on-line ordering methods and a wider geographic reach of customers served. Support of local community organization, programs and businesses will continue to provide a solid foundation for sales and growth.

Training & Support:

As needed for a smooth transition


Reason Selling: 

Other interests

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Adam Bradshaw, CBI

Adam Bradshaw, CBI