ICONIC Traditional Latin American Bakery – Cakes and Pastries

Price: $450,000

Location: South Miami

Industry: Bakeries

Listing ID: 2043855

Listing Status: New

Description

This Bakery is in the books! It has been operating in the South Florida area since 1968 and has became a hotspot for traditional Latin pastries and custard cakes. Everybody in Miami has heard of this bakery as it is renown for the quality and traditional Latin products they offer. They have built trust and consideration with their customers that constantly return.

LISTING DETAILS

Down Payment: $450,000

Total Sales: $675,003

Cash Flow: N/A

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $218,640

FFE Included: Yes

Inventory: $10,000

Inventory Included: Yes

Operation

Year Established: 1968

Days & Hours of Operation: 7 days/ week 7am-7pm

Non-Owner Payroll: N/A

Employees: 10

Absentee Owner: Yes

Lease Option: Landlord will extend

Location

Real Estate: N/A

Monthly Rent: $7,615

Type of Location: Shopping plaza

Square Footage: 5,500

Franchise: No

Relocatable: No

Summary

Facilities Information:

It is located in a prosperous shopping plaza close to the road with great visibility and lots of foot traffic. They have 10 well-trained, long-term employees. Landlord is willing to extend lease for a long time with good conditions and terms. Video cameras in place. Soon to be accepting food stamps again which will additional income.

Terms and Conditions?:

Serious inquiries only. Cash sale only. Owners will only sell buyers who want to continue with their trademark.

Reason For Sale:

Retirement

Training & Support:

The owners are very attached to the brand and they would like to pass on all the recipes and traditions as well as keeping the legacy of the business in place. They will provide and training throughout this process.

Historical Summary:

Founded in 1968 by immigrants, this business is built on traditions as recipes and quality of baking have been passed on from their family.

Owner Qualifications:

The owners are very attached to the brand and they would like to pass on all the recipes and traditions as well as keeping the legacy of the business in place.

Competition:

Latin bakeries are very prosperous in the South Florida area as there is a wide range of Latin Americans communities close by. They have their own registered trademark as well as they have successfully acquired loyal customers throughout the years.

Potential Growth:

Ideal buyer would be someone that already owns a similarly company and they want to expand or has experience in bakery and can enhance the brand and take it to the next level. Social media and other marketing procedures are not yet in place but could be a great way to further improve this business

Financing/Terms:

Cash only

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LISTING OWNER
There is no associated broker for this Listing.