| Business Name: | Lambertville BakeHouse |
|---|---|
| Property Address: | 61 North Main Street |
| NAICS/ SIC / Category | 311811 / Bakeries & Cafes |
| Business Selling Price | $275,000 |
| Security Deposit: | $27,500. Asset Purchase Agreement |
| Transaction: | Business Asset sale of all FF&E, Leasehold Improvements, Intellectual Property, Raw Material Inventory, Brand Name, Signage, Goodwill and Lease Rights. |
| Financing: | This business could potentially qualify for a SBA Loan, please ask Broker for information. |
| Ownership: | Lambertville Bakehouse, LLC |
| Website: | https://www.lambertvillebakehouse.com/ |
| Social Media / FACEBOOK: | https://www.facebook.com/LambertvilleBakehouse/ |
| Social Media / INSTAGRAM: | https://www.instagram.com/Lambertville_Bakehouse |
| Assets: | Business Name, Inc transfer, Inventory, Intellectual Property, Furniture, Fixture, Equipment, Marketing Rights, Signage, Leasehold Improvements and Leasing Rights. |
| Lease Liabilities: | Owner willing to enter into new, 5-10 year NNN Lease with Owner/Operator. |
| Lease Term: | Open for discussion |
| Current Monthly Total Rent: | Gross Rent Monthly Rent is estimated at $4,754/mo. |
| Available sqft. | 1,217 sqft. interior space, lower level basement storage and utility closet |
| Dimensions: | 20’ wide x 52’ deep. |
| Staffing: | Owner Operated & Managed, current staff of 3 (varies) |
| Operating Status: | Currently Closed and was Operating by current owner/operator on 12/31/2023. |
| Opened for Business: | July, 2022 |
| Market (MSA): | Trenton-Princeton, MSA |
| SubMarket: | Lambertville, NJ - New Hope, PA |
| Trade Area: | Hunterdon, Bucks and Mercer Counties |
| Center/ Neighborhood: | Main Street, Downtown Lambertville, NJ |
| Available: | Immediately |
| CONTACT: | Mark Mueller |
| INTERMEDIARY: | CRE Resources, LLC |
| PHONE: | 856.745.9706 |
| EMAIL: | https://creresources.notion.site/405b9df3a11243f881ae0622c0e7422f |
| Offering Memorandum Link: | https://crekitchens.com/lambertvillebakehouse |
This is the sale of a active and open restaurant business created, designed, equipped and currently owned and operated by local resident and former Michelin restaurant pastry chef. The retail cafe, offers countertop services, casual dine-in seating, local delivery and pickup to a retail, wholesale, catering and event planning customer. The retail shop and bakery kitchen facility is located in Lambertville, New Jersey The location features a friendly and inviting cafe/sandwich shop in front with countertop service counters containing visible baked good cases. The rear of house features a fully functional kitchen with 2 grease rated vent hoods, several large, industrial type freezer and refrigerator storage units and a fully equipped professional production bakery kitchen with modern, multi-purpose equipment.
This will be a Business Asset Sale of the existing cafe and bakery business with full transfer of Organizational Assets; Business Name; Intellectual Property; Signage Rights; All Existing Furniture, Fixtures, Equipment, Leasehold Improvements; Social Media Site Permissions, Website and all existing Retail, Wholesale, Catering and Delivery business The Current Business Owner owns existing 3 story building and is will be the Landlord for the new tenant.
The existing cafe and bakery are located in a sqft. (20’ wide) retail, inline main street location. has the benefit on-street public parking and 4 available spaces in the rear of the building. The business has excellent street visibility and signage (and numerous center access points with fluid car circulation. State of the Art Equipment for Professional Food Prep, Baking, Cooking, Deli & Sandwich Preparation, Packaging and Prep for Delivery. Large Freezer and Refrigerator and extensive storage space for raw material and supplies for retail and wholesale production capacity for baking and pastry production. Two (2) 6’ grease rated ventilated cooking / frying hoods with Ansul fire spressiona systems in place. 25 lb. grease traps, rear of building delivery and employee entrance.
BRG Guide Bakery & Cafe Industry Overview.pdf
BGR Sandwich Shoppes 10.26.23 copy.pdf
This Business Opened on 7/1/22 and created the following business metrics based on a R-12 period through 6/30/2023.
| Business Metric Description | Period | Metric - First Full Year | % of Revenue | Projected 2024 | Typical Industry Standard or Valuation Multiple | Comments |
|---|---|---|---|---|---|---|
| REVENUE | 7/1/2022-6/30/2023 | $286,189 | - | $357,736 | x .31 ROT: . 45 | |
| Cost of Goods | $87,358 | 30.5% | $109,110 | 29% | ||
| GROSS PROFIT | $198,830 | 69.5% | $248,627 | x .48 | ||
| Payroll and Salaries | $91,171 | 31.9% | 22% | Includes FMV of Owner / Mgr. Salary | ||
| NET PROFIT | $107,659 | 37.6% | ||||
| Operating Expenses | $139,040 | 48.6% | $250,728 | |||
| - Advertising | $6,594 | 2.3% | 2.2% | |||
| - Rent | $48,680 | 17.0% | 10%-12% | Based on estimated new Lease (Base Rent: $40.00 psf / NNN (CAM, Taxes, Prop. Tax): $2.28 psf) | ||
| - Business Insurance | $7,538 | 2.6% | ||||
| - Owner/Mgr. FMV Salary | $45,000 | 15.7% | $50,000 | |||
| OPERATING INCOME | -$31,380 | |||||
| PRE-TAX INCOME | -31,380 | $52,588 | ||||
| EBITDA | -$1,752 | $53,899 | x 2.21 | |||
| SELLER DISCRETIONARY EARNINGS (SDE) | $1,728 | $98,899 | x 1.67 | Include Owner’s actual Salary + Pre-Tax Income + Depreciation Expense | ||
| Inventory | $5,000 | $5,000 | Estimated at time of Settlement | |||
| Furniture, Fixture, Equipment (FF&E) | $125,997 | $125,997 | Original Values | |||
| Leasehold Improvements | $103,933 | $103,933 | Original 2021 Cost Values Used | |||
| FIXED ASSETS | $229,870 | $229,870 | Original FM Values Used |
LBH Demographics and Psychographics 11.12.23.pdf
Retail Demand by Industry (Tabular).pdf
Baby Boomer Population (Born 1946 to 1964) - 28%
Generation X Population (Born 1965 to 1980) - 23%