Premium Bakery Business
Undisclosed Address, Rhode Island
Business Opportunity
for Sale
| Catylist Listing ID: |
30799193 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
1,850 SF
|
| Sale Price: |
$275,000 |
| Gross Revenue: |
$654,678 (Annual) |
| Cash Flow: |
$106,664 (Annual) |
| Cash Flow Type: |
Sellers Discretionary Earnings |
| Relocatable Business: |
Yes |
| Last Updated: |
5/21/2022 |
Overview / Comments
Rapidly growing and established bakery business in Northern RI. This business includes all equipment (itemized on list provided) necessary allowing for immediate turnkey opportunity. Located on a highly traveled road with great visibility and marquis signage. Ample parking. The 1,850sf space is equally divided between bright open customer area and fully equipped prep and baking area. Additionally, there is a large storage space in the basement with both internal and external access. Tailboard loading platform. All equipment included is fully owned with no debt or leases.
Favorable 5-year lease with tenant renewal options available. Current lease rate is $2,000 per month.
|
Additional Details
| Industry Segment: |
Food Production and Packaging |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$80,000 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$0 |
| Real Estate Lease Description: |
Multi year lease with 5-year tenant renewal options. Current lease rate is $2,000 with annual $200 per month increases. |
| Employee/Labor Description: |
Full time and part time staff. |
| Mgmt/Training Support Description: |
Training will be provided on an as needed basis. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,055 |
20,947 |
38,640 |
| Median Age: |
41.9 |
43.9 |
44.31 |
| Households: |
433 |
8,398 |
14,886 |
|
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