Location: Monterey County, CA
Industry: Food Manufacturing
Listing ID: C4273
Listing Status: Sold
PRICE REDUCED TO $850,000. OWNER SAYS BRING OFFERS.
NOTE: Financials are pre-covid based.
Description: This is a truly unique opportunity to acquire a very well established and profitable wholesale bakery located in the beautiful Monterey Bay area of the Central Coast of California. Established over 30 years, this business has a stellar reputation for quality and service with customers on a business-to-business basis. The plant and bakery is fully operational and turn key for a new owner. Seasoned employees and manager eager to stay. Current owner happy to stay involved TBD to ensure a smooth transition. Owner also owns the building, so negotiating a new lease will not be difficult. Asset or stock sale possible. Seller happy to discuss extra cash flow opportunities and ideas with serious buyer.
Price: $850,000+ inventory at cost (Estimated at $10,000.)
Gross: $1.38M weighted average 3 years SDE: $336K for 1 full time working owner weighted average
Terms: SBA pre-approval Lease: Negotiate new with sellers. They own the building.
Cash Flow: $336,000
Inventory Included: No