Established Kosher Bakery in the San Fernando Valley

Los Angeles County, CA

Seller Financing Available
Established Kosher Bakery in the San Fernando Valley
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Asking Price: $325,000

Cash Flow: $130,000

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $85,000

Inventory: $5,000

Rent: $3,660 per Month

Established: 1962

Established Kosher Bakery in the San Fernando Valley

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Business Description

Kosher Bakery in continuous operation since 1962

This family-owned neighborhood bakery specializes in traditional hand-crafted breads, pastries, cookies, and decorated cakes for all occasions. All their products are kosher, dairy free, and baked on site. After 18 years the current owners are ready to move on providing an opportunity for the acquisition of one of the oldest Kosher certified bakeries in Los Angeles.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,950
Lease Expiration:
11/30/2021
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Bakery operates out of a 1,950 sq. ft. retail space. Rent is currently $3,660 per month plus NNN of $777. The lease expires in November 2021 and the landlord has offered a 5-year extension at the current rate. There is ample parking including 2 reserved spaces in front of the storefront.
Growth & Expansion:
There are a number of ways for a new owner to increase business, expanding wholesale customers and via online and delivery applications. Owners estimate that production could be increased from 25% to 35% with additional staff and adding an another shift.
Financing:
10% of the transaction price if needed to accommodate bank financing
Support & Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all of the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, the owner is willing to train a new owner for up to 4 weeks at up to 20 hours per week included with the sale.
Reason for Selling:
Due to personal circumstances, the owners would like to spend more time with fam
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Steve Barnett

Business Listed By:
Steve Barnett

The Valley Business Broker

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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