40 year established* Iconic Bakery In San Diego County

Iconic does not even begin to properly justify this beloved bakery brand that has been established for more than 40 years!

There are 2 retail locations, with one location also serving as a large production kitchen set up with newer high end - high volume equipment, including a large state of the art walk-in oven.

One location is leased at $6,190/mo. and carries a new 10 year lease.

The second location includes the real estate priced separately at $2.3M (owner may lease this if a buyer chooses not to purchase)

This is one of the most loved and well known businesses in San Diego County and for good reason we are keeping this listing confidential, and will only share details with pre-qualified buyers who execute our NDA.


Financial Details:

Gross Revenue
2021 - $2,881,108
2022 - $2,756240
2023 - $3,001,333

Cogs

2021 - $718,643
2022 - $669,136
2023 - $713,358

Real Estate:
Price: $2,300,000
Size: 10,600 SF + 3 acres of land


Net Income
$423,000 - 3 year average.

A Hands own owner can drastically reduce costs and increase revenue here as a very semi-absentee 40-year owner is ready to retire.

There are several opportunities to grow this business including expanding the brand into wholesale distribution, mail order sales, facility rental and events on the 3-acre property, expanding the retail store count, expanding the coffee program, adding liquor/beer & wine. Costs can be more efficiently controlled.