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Businesses For Sale > Business For Sale in RST016-E2, Iowa (IA)

Multi Location Bakery with Catering – Full Management Team for sale in RST016-E2, IA

RST016-E2, Iowa (IA)

Asking Price: Gross: Cash Flow:
$ 3,250,000 $ 9,134,230 $ 925,957

Furniture and Fixtures Value:
$ 958,628 (included in the asking price)

Inventory Value:
(not included in the asking price)

Real Estate:
(not included in the asking price)

Business Summary:
The two locations are strategically situated within the Des Moines area, these offerings include dine-in options for those who wish to enjoy their meals on-site, take-out for customers in a hurry, drive-through for added convenience, baked goods for sale both on-site and online, and events catering for various occasions with event space in house. The business employs between 100 – 120 dedicated staff members across both locations. This team includes a General Manager who oversees daily operations at each site; a Director of Operations who ensures consistency across all aspects of the business; four Shift Leads responsible for managing teams during peak hours; Line Cooks, Cashiers, Bakery Associates, and food service staff. The owner holds more of a visionary role, allowing him to be semi-passive in the business. These duties can easily be absorbed by existing staff members or new leadership once the business is sold. Priced at $3,250,000, a 10% down payment of $325,000 returns $429,019 in the first year after debt payments! Growth opportunities include incorporating additional locations into its portfolio or franchising its successful brand throughout other markets in Iowa or beyond.

 

   
Year Business was Established: 2015
   
Number of Employees: 100  
   
Potential Growth/Expansion: Add a liquor license  
   
Owner willing to finance: 15% Seller Financing $487,500  
   
Owner willing to train: 1 year  
   
Reason for selling: Family  
   
Seller Reference Number: RST016-E2
BusinessMart.com Listing Number: 315017
 

 

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For more info contact:

Cortney Sells

The Firm
4029985288

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