Cupcake Bakery
Location Tennessee,United States
Asking Price Range < $250K
Gross Revenues $160000
Net Profit / Cash Flow $10000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2012
Number of Employees 4 - 5
Inventory 100000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Yes.
Reason for Sale Owners dont get along - NO Money needed - owner will assign business.
Description Cupcake / bakery for take over lease - Final tours will be this Monday 3/12/12) This upscale Bakery or Cupcake Shop is located in a upscale Nashville area. Surrounded by 3 very popular chain restaurant on a very busy road with great road frontage. The business is barely 4 months old and has a build out that was over $100,000. It has a state of the art kitchen, established web site and incredible recipes that are all included (valued over $25,000). All equipment is paid for and included:Oven, 2 fridges (true brand), commercial oven (bakers pride), commercial mixer, tables, chairs, Flat Screen TV, counters, display cases, commercial kitchen tables, baking pans and all elements to run a successful cupcake bakery or likeminded business. The partners have decided NOT to work together any longer and are willing to walk away from the business. There is no debt on the equipment everything is paid for and is included in the transaction.Partners are looking to simply assign the lease to a qualified candidate who can assume the lease and run the business. This transaction must be complete by 3/30/12
Operating partner is willing to stay on for 90 days to transition the business if this will help.
1. How much is the rent?
1. $3000 for approximately 1550 sq. ft. This location is approximately $5.00 per sq. ft. less than the going rate now. In the same strip mall there is a 5 Guys, Fire house subs, Sweet CC'S and an Oscars.
2. How long?
2. 5 year commercial lease
3. How many cupcake shops within 5 miles?
3. 1 that sells cupcakes and sheet cakes. There is NO competition
4. What does it gross now?
4. Approximately $12500
5. What is the net?
5. Between $10,500 and $12,000
6. The only money that would need to be paid would be $6,000 that buys out a consulting contract that they are liable for.
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