Business Summary:
This is a wonderful very specialized high quality bakery operation. They have a 21 year old reputation in the industry as dependable and tops in quality. The seller always made an excellent living, every year until 2008 \"hit the fan.\" A new landlord bought the building, and proceeded to almost double the rent. Flour went to the moon, and the seller lost one major customer over price increases. She has been slowly increasing the prices and this year should be a little better. She purchased, on a lease, automated equipment, and that expense has been a drag on the business, due to the lower sales volume. If a commercial bakery purchased this business, they would make a minimum of $230,000, by eliminating much of the overhead. (The business did not make money in 2008). If they grew the business, that profit would double to over $500,000. The seller would consider an on going relationship with the buyer. Another possibility would be an investor or working partner. The strategy would be to relocate to a lower overhead, and provide money to drive the business. (Trade shows, sales reps, telemarketing, mailings). If you have the funds, and you feel this business may be just what you have been looking for, contact me, ASAP, Neil Meislin, 315 732-1439.
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