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Friday, May 24, 2013

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Business For Sale Listing 162081

Established Wholesale & Commercial Bakery

Status: Off The Market

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Business Summary

Well established wholesale and commercial bakery that specializes in gourmet cookies, muffins, scones. All products are handmade with wholesome ingredients for customers including coffee shops, schools, and hospitals. In addition to retail customers, the business also sells fund-raiser products to various schools, groups, and clubs. Located in Michigan, it serves much of Michigan and some surrounding states. The current owner has completed a one-year turnaround. The business is large enough where the owner does not perform any baking and can focus on sales and management. A confidentiality agreement must be signed and returned before further information is released to the prospective buyer.
Facilities: The facility is 4,000+/- sqft. total with 600 sqft. of office space, plus outbuilding on 2 acres. Rent is $2500/mo, option to purchase for $300,000. All equipment will remain in the business: ovens, mixers, racks, proofer, freezer, cooler, delivery vans, etc.
Competition: Competition does not measure up to quality, service, and name recognition.
Growth and Expansion: Business currently has approximately 200 wholesale accounts and 150 fund-raiser customers. It is operating at 50-60% capacity. Sales efforts have been effective in both business areas. New owners could implement a successful sales and marketing plan to fuel top-line growth.
Support/Training: Owner will provide all necessary support during transition
Reason Selling: Retirement, other business interests
Year Established: 1983
Employees: 16


Categories

Industry: Wholesale Distributors For Sale
Food Distributors For Sale
Location: Michigan Businesses For Sale
Grand Rapids Businesses For Sale
Midwest Businesses For Sale
United States Businesses For Sale
Other: Small Businesses For Sale

Industry

Sector: Wholesale Trade
Industry: Food Distributors

Location

Classification: United States // Midwest States // Michigan // Grand Rapids
Location: SW Michigan

Financials

Sales: Between $1 Million And $2.5 Million   (1,100,000)
Profits: Between $100 Thousand and $500 Thousand   (108,000)
Profit Type: Seller's Discretionary Cash Flow (SDCF)
Asking Price: Between $100 Thousand and $500 Thousand   (375,000)
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