Profitable Bakery For Sale. Unique Opportunity to Own and Operate a Mall Based Kiosk / Outpost Selling Freshly Prepared Cookies, Pasties, Specialty Drinks and More.
Located in one of the most widely visited Shopping Malls in the Metro Atlanta Area. 2019 Revenue of $300,000 generated the absentee owner Over $50,000 in EBITDA. 2020 Results were temporarily impacted by Covid-19 resulting in reduced revenue and $32,000 in EBITDA. 2021 is off to a great start and tracking to meet or exceed 2019 results.
Don’t miss out on this unique opportunity to own your own Baked Goods and Specialty Drink Outpost / Kiosk in one of the state’s busiest shopping malls in Metro Atlanta. What makes this opportunity truly unique is that the brand has been around close to a decade and has a strong continuing presence in the baked goods and cookies arena. In fact, as part of the transaction, the Seller will continue to supply this site with fresh baked product at a below market rate keeping your cost of goods right around 30% at this Bakery for Sale.
Prior to Covid-19 outbreak, monthly sales were averaging $23-$27 thousand. The Mall Landlord provided the tenant with a reduced rent of only $5,000 per month and ids open to maintaining that rate for a new, long term lease to a qualified Buyer.
That means more money in your pocket. An owner operator should be easily able to replace one full time employee and generate over $75,000 per year in Owner Discretionary Earnings or $6,000 to $7,000 per month. The location and supply of products makes this Bakery for Sale offered by We Sell Restaurants as turn-key as it gets and as an owner operator, you should surely see new opportunities to increase revenue and profits.
Based on 2019 results, this Bakery for Sale would have been priced at around $200,000. But due to the temporary impact of the pandemic, the Owner has this priced to sell at only $149,000. Books and records available to qualified buyers.