Skip To Content

1 Withheld

New Fairfield, CT 06812
  • $183,900
  • STATUS: Active
  • ON SITE: 549 Days
  • MLS #: 170537463
UPDATED: 64 min ago
$183,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,550
    SQFT
  • $72
    $/SQFT
Type:
Business Opportunity
Built:
1965
County:

School Ratings & Info

Description

This is a high traffic 2,050 s.f. bakery with a 500 s.f. basement located in a quaint New England town’s Shopping center centrally located near the Post Office, Town Offices, several banks, gas stations, and another shopping center across the street. This bakery sells +/- 40 – 50 cakes for all occasions a week. They also make +/- 350 loaves of bread a week. Wanna know what else they sell? The store has 28 seats and sells coffee, teas, espressos, lattes, donuts, danish, cookies, pastries, muffins, scones, bagels, rolls croissants, crumb cakes, turnovers, and cakes for all occasions. They also sell 28 flavors of hard ice cream, gelato, milkshakes, and bakes 11 varieties of breads. One or 2 days a week they also make a few pizzas and sells them by the slice. This business is the only bakery in town except for the 2 food stores. Been in the same location for 58 years and the same Owner for the last 27 years. The Owner wants to get ready for retirement. He will help a qualified Buyer with Owner financing, and training with his recipes. The store has different winter and summer hours: Summer Hours are Mondays 7-11am, Tuesday – Saturday 7-9pm, and Sundays 8-1pm. Totals 79 hrs/week. Winter Hours are Monday – Friday 7-7pm, Saturdays 7-6:30pm, and Sundays 7-12pm. Totals 68.5 hrs/week. The Owner works full-time with 1 other full-timer and 3 part-timers. Payroll averages +/- $1,710/week. Using $430,000 for annual sales this would be +/- 20.7% /sales (not counting the Owner’s drawer, equity withdrawals, or paychecks. The Owner is the baker. He has an assistant that helps in the kitchen. All the other employees work the sales counters. Sales in 2023 was $436,000 and a new Owner's projection is estimated to be +/- $463,000. Note that advertising and promotion can be increased - something that a new owner will quickly address. As far as the SDE is concerned, 2023's SDE was+/- $50,000. New Owner's SDE is projected to be +/- $53,000 - $60,000. This projection depends on how the new Owner plans to run the business and other factors like advertising and bookkeeping. But this projection is a good starting point for a budget in a “business plan”. There is 3 years left in the current term of the lease plus there are 2 – 5-year options. Base rent is $2,391.67/mo ($11.25 psf) The nets are $7.75 psf +/- $1,541.67/mo. Total rent is $3,933.34/mo or $18.50 psf including all nets. This is an interesting opportunity to get an established bakery business with an Owner who wants to make sure you get off to a good start. The town has good schools, it's near a lake and the area has all kinds of shopping, dining, hospitals, and amenities. Can’t ask for a nicer place to live, raise a family and have fun when not working. Support & Training: Several weeks to learn the recipes and how to bake the items plus training as needed to learn how to use the equipment that may be new to the Buyer. The Owner will even consider some consulting time if the New Owner wants. Owner is very flexible and accommodating. At the present, if qualified, the Owner would consider financing 50% at 7% interest over +/- 3-5 years. One more thing…I forgot to mention. Also included in the sale is a 15K, 35KW, 3 Phase Diesel Generator. Just because the electricity goes out, doesn’t mean the breads, cakes and pastries aren’t going to be made!

Monthly Payment Calculator



The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-05-24T21:10:15.763.
www.faifmangroup.com/homes/134935961
Print Image

1 Withheld New Fairfield, CT 06812

  • Price: $183,900
  • Status: Active
  • On Site: 549 Days
  • Updated: 64 min ago
  • MLS #: 170537463
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,550
SQFT
$72
$/SQFT
1965
Built
County:
Fairfield
Area:
New Fairfield
Property Description
This is a high traffic 2,050 s.f. bakery with a 500 s.f. basement located in a quaint New England town’s Shopping center centrally located near the Post Office, Town Offices, several banks, gas stations, and another shopping center across the street. This bakery sells +/- 40 – 50 cakes for all occasions a week. They also make +/- 350 loaves of bread a week. Wanna know what else they sell? The store has 28 seats and sells coffee, teas, espressos, lattes, donuts, danish, cookies, pastries, muffins, scones, bagels, rolls croissants, crumb cakes, turnovers, and cakes for all occasions. They also sell 28 flavors of hard ice cream, gelato, milkshakes, and bakes 11 varieties of breads. One or 2 days a week they also make a few pizzas and sells them by the slice. This business is the only bakery in town except for the 2 food stores. Been in the same location for 58 years and the same Owner for the last 27 years. The Owner wants to get ready for retirement. He will help a qualified Buyer with Owner financing, and training with his recipes. The store has different winter and summer hours: Summer Hours are Mondays 7-11am, Tuesday – Saturday 7-9pm, and Sundays 8-1pm. Totals 79 hrs/week. Winter Hours are Monday – Friday 7-7pm, Saturdays 7-6:30pm, and Sundays 7-12pm. Totals 68.5 hrs/week. The Owner works full-time with 1 other full-timer and 3 part-timers. Payroll averages +/- $1,710/week. Using $430,000 for annual sales this would be +/- 20.7% /sales (not counting the Owner’s drawer, equity withdrawals, or paychecks. The Owner is the baker. He has an assistant that helps in the kitchen. All the other employees work the sales counters. Sales in 2023 was $436,000 and a new Owner's projection is estimated to be +/- $463,000. Note that advertising and promotion can be increased - something that a new owner will quickly address. As far as the SDE is concerned, 2023's SDE was+/- $50,000. New Owner's SDE is projected to be +/- $53,000 - $60,000. This projection depends on how the new Owner plans to run the business and other factors like advertising and bookkeeping. But this projection is a good starting point for a budget in a “business plan”. There is 3 years left in the current term of the lease plus there are 2 – 5-year options. Base rent is $2,391.67/mo ($11.25 psf) The nets are $7.75 psf +/- $1,541.67/mo. Total rent is $3,933.34/mo or $18.50 psf including all nets. This is an interesting opportunity to get an established bakery business with an Owner who wants to make sure you get off to a good start. The town has good schools, it's near a lake and the area has all kinds of shopping, dining, hospitals, and amenities. Can’t ask for a nicer place to live, raise a family and have fun when not working. Support & Training: Several weeks to learn the recipes and how to bake the items plus training as needed to learn how to use the equipment that may be new to the Buyer. The Owner will even consider some consulting time if the New Owner wants. Owner is very flexible and accommodating. At the present, if qualified, the Owner would consider financing 50% at 7% interest over +/- 3-5 years. One more thing…I forgot to mention. Also included in the sale is a 15K, 35KW, 3 Phase Diesel Generator. Just because the electricity goes out, doesn’t mean the breads, cakes and pastries aren’t going to be made!
Exterior Features

Garage And Parking None Lot Description Level Lot Parking Spaces Uncovered 100 Road Frontage Description State Road Traffic Count 10500

Interior Features

Ceiling Height 10 Cooling System Central Air Heat Type Hot Air Number Of Overhead Doors 0 Number Of Restrooms 1 Sq Ft Total 2550

Property Features

Ada Compliant YN No Additional Space Available YN No Agent Owner YN No Bank Owned Property No Build Out Allowance Available No Business Name Bakery - Established 58 years Equipment Included All bakery equipment to make what they sell Heat Fuel Type Oil Hubbard YN No Inventory Included YN Yes Land Included With Business Business Only (No Real Estate) Landlord Requirements Credit CheckSecurity DepositLease RequiredNet-Net-Net Lease Landlord Responibility Common Area MaintenanceGrounds MaintenanceSnow RemovalStructural Maintenace Lease Years Remaining 15 Location Strip Mall Monthly Lease Amount 3933 New Construction Type No/Resale Present Use Bakery Sewage System Septic Space Is Leased YN Yes Tenant Responsibility Air ConditioningAll UtilitiesCable TVCapital ImprovementsElectricityHeatHot WaterInsuranceLiability InsuranceMaintenance/Repairs Under Agreement Yn No Utilities Available Electric Water Source Public Water In Street Year Business Established 58 Zoning Bus

Listing information © 2024 Smart MLS
Listing provided courtesy of Charlie Vlahos of Blanket Real Estate: (203) 746-7272.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-05-24T21:10:15.763.
 
https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_2_170537463-1.jpg https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_2_170537463-1.jpg https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_2_170537463-1.jpg
Logo
Faifman Group
47 Riverside Ave
Westport CT, 06880
Microsoft UET