Multi Location Bakery with Catering – Full Management Team
Asking Price: | $3,300,000 |
Gross Revenue: | $8,563,389 |
Cash Flow: | $1,066,835 |
Established Year: | 2015 |
Loyal client base with excellent reviews!
Established in 2015, the first location of this café laid the
foundation for this growing enterprise. In 2018, a second
location was added to the portfolio, further solidifying their
commitment to serving its loyal and local client base. The two
locations are strategically situated within the Des Moines
metropolitan area, with the majority of their client base
residing within a 45-minute radius. These offerings include
dine-in options for those who wish to enjoy their meals onsite, 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 boasts a strong and dedicated
client base in the Des Moines metro area. This loyal following
is a testament to their commitment to providing high-quality
food, exceptional customer service that keeps patrons coming
back for more. This 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 maintains the “Big Vision” role and general
oversight of management team responsibilities, 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. The decision to sell comes as part
of a strategic succession planning/divestment process.
Priced at $3,300,000, a 10% down payment of $330,000
returns $455,855 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.