Award Winning Bakery & Cafe on a Busy Neighborhood Road-Denver CO
A perfect café style bakery on a high traffic road that has its own parking lot on the side of the building located in a very popular neighborhood that is experiencing a rejuvenation with a lot of new money coming in.
2018 had earnings of 191,088 on revenues of 609,877. The current value of the assets is approximately 170K which includes 2 delivery vehicles bought in 2018. This bakery won best bakery in Denver from Westword, the Knot Hall of Fame best wedding cakes, and has impressive online and social media reviews and ratings.
There are many ways to increase both the top and bottom line for this business. The new owner can expand sales by adding new products including morning breakfast items and open earlier each day for commuter traffic. They are on a busy street that feeds directly into downtown Denver. They have the seating and the counter space to accommodate this. Other ideas include sectioning off an area of the parking lot for outdoor seating; growing the wholesale relationship with Whole Foods; developing new relationships with hotels and event venues for additional wedding opportunities; expanding the number of savory items offered (currently just empanadas); and advertise to bring in additional lunch business
The bakery was established in 2006. The owners are husband and wife team whom took ownership of this award-winning bakery in 2017. After 2 years, family matters have come up forcing the owners to have to travel often overseas making it difficult to run a business.
This business is location driven with a fair lease with 8 years left on it. This business will not change after the sale based on their reputation and location. They have mostly repeat customers and are listed as a “preferred vendor” at many local hotels and wedding venues. This is a fun business to own and to work at. The owners have met many great people that they get to see on a regular basis.
The sales price is 395K plus their cost of inventory which is estimated to be 3K. The seller is willing to carry up to 15% of the purchase price for a qualified buyer.