Description of the business for sale
Business Description:
The company is a well known, local establishment that has stood the test of time in a competitive market. The wholesale business is growing and the company is developing a reputation for quality with local businesses. The retail customer base is local and very dedicated. With proximity to major highways in Boulder County, the company enjoys great traffic 365 days a year. It is located in a well traveled, shopping area anchored by Sam’s Club, Albertson’s, and Kohls.
The company products are always fresh, natural, and use no preservatives. These qualities are essential for the demographic of people who frequent the store. Buyers particularly like the New York style (boiled prior to baking) bagel compared to most bagels in the Colorado market which are steamed giving them a softer crust.
Growth Strategy:
The company has established a growing wholesale business, and has effectively tripled the amount of wholesale business in the past four years and has the capacity to triple it again if it can add reliable delivery staff and more vehicles. The company also has increased its push into catering and has supplied platters, and baked products to businesses, houses of worship, and individuals.
Financial Overview:
The company has almost $500,000 in revenue, about half retail and half wholesale. The cash flow in the most recent year was $35,000.
Assets:
The major assets available to a buyer are the FFE, baking equipment, and vehicles. Their estimated value is about $100,000.
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Description of the facilities
Furniture, fixtures, and equipment = 0
Furniture, fixtures, and equipment included: N
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