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Address Not Published

Glendale, CA 91205
  • $295,000
  • STATUS: Active Under Contract
  • ON SITE: 36 Days
  • ID#: BB22154102
Under Contract
UPDATED: 4 min ago
$295,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
County:

School Ratings & Info

Listing Agent(s): Steve Hovakimyan of City Center Realty Group (818-845-5551)


Description

A very Lucrative, highly recognized, money-making bakery with a great reputation in the community is up for sale in Glendale, CA. It has been a fixture in the community for 40 years. This American Bakery with French, Middle Eastern, Russian, and Armenian accents influences, offers you fresh, testy cookies, sweet creams, chocolate, macarons, custom wedding cakes, character birthday cakes, traditional cakes, and much more. Full service. All the baked goods, cakes, and desserts are crafted with quality ingredients baked daily from scratch with love and respect to clients and their needs.This business has so much potential! The bakery is a high-profit margin business. With the pandemic and all the restrictive rules and regulations, even though thousands of businesses were unfortunately closed, this bakery survived, because of the quality of products and loyalty of customers and is beginning to thrive again. Great Opportunity to become part of a Southern California great tradition!!!This is a bakery, that you can be proud to own. The bakery operates at 30% of capacity with Semi-Absentee Owner and is still profitable! A new, creative and ambitious directly involved buyer will be able to increase the business 3-fold, making 3 times more money with a huge Net Income.The approximate gross sales in 2020 were $370,000 and grew to $420,000 in 2021. Located in one of the most affluent and fastest-growing markets of Los Angeles/Glendale, CA, demand for such quality products will only increase significantly. Upside: You can add more income by baking bread, and applying for EBT. (EBT application and paperwork is already in process). Also, with more wholesale to other stores, bakeries, and catering of wedding cakes. Build on the brand by increasing social media and web presence. Create a Website. To open new retail locations and invest in a food truck toincrease revenue and brand equity. The seller has invested minimally in social advertising and Facebook, and Instagram presence. There are several new development projects in the neighborhood, like Senior Housing Complex, multifamily developments, etc.The bakery is located on one of the major streets in Glendale. Great traffic count on a daily basis. Competition is more than a mile away.Lease: Existing lease ends 11/2024 and 5 years option.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/130863784
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Address Not Published Glendale, CA 91205

  • Price: $295,000
  • Status: Active Under Contract
  • On Site: 36 Days
  • Updated: 4 min ago
  • ID#: BB22154102
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
624 - Glendale-Chevy Chase/E. Glenoaks
County:
Los Angeles
Area:
624 - Glendale-Chevy Chase/E. Glenoaks
Property Description
A very Lucrative, highly recognized, money-making bakery with a great reputation in the community is up for sale in Glendale, CA. It has been a fixture in the community for 40 years. This American Bakery with French, Middle Eastern, Russian, and Armenian accents influences, offers you fresh, testy cookies, sweet creams, chocolate, macarons, custom wedding cakes, character birthday cakes, traditional cakes, and much more. Full service. All the baked goods, cakes, and desserts are crafted with quality ingredients baked daily from scratch with love and respect to clients and their needs.This business has so much potential! The bakery is a high-profit margin business. With the pandemic and all the restrictive rules and regulations, even though thousands of businesses were unfortunately closed, this bakery survived, because of the quality of products and loyalty of customers and is beginning to thrive again. Great Opportunity to become part of a Southern California great tradition!!!This is a bakery, that you can be proud to own. The bakery operates at 30% of capacity with Semi-Absentee Owner and is still profitable! A new, creative and ambitious directly involved buyer will be able to increase the business 3-fold, making 3 times more money with a huge Net Income.The approximate gross sales in 2020 were $370,000 and grew to $420,000 in 2021. Located in one of the most affluent and fastest-growing markets of Los Angeles/Glendale, CA, demand for such quality products will only increase significantly. Upside: You can add more income by baking bread, and applying for EBT. (EBT application and paperwork is already in process). Also, with more wholesale to other stores, bakeries, and catering of wedding cakes. Build on the brand by increasing social media and web presence. Create a Website. To open new retail locations and invest in a food truck toincrease revenue and brand equity. The seller has invested minimally in social advertising and Facebook, and Instagram presence. There are several new development projects in the neighborhood, like Senior Housing Complex, multifamily developments, etc.The bakery is located on one of the major streets in Glendale. Great traffic count on a daily basis. Competition is more than a mile away.Lease: Existing lease ends 11/2024 and 5 years option.
Property Features

Additional Parcels YN No Business Type Bakery Leasable Area 1600 Listing Agreement Exclusive Right To Sell Listing Terms Cash Total Actual Rent 4900



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
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Listing Agent(s): Steve Hovakimyan of City Center Realty Group (818-845-5551)