Well Established Commercial Bakery

Price: $550,000

Location: Monterey County, CA

Industry: Food Manufacturing

Listing ID: C4273

Listing Status: New

Description

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.

LISTING DETAILS

Cash Flow: $336,000

Inventory: $10,000

Inventory Included: No

Operation

Employees: 5

LISTING BROKER

Rex Walters, PHD

Rex Walters, PHD