Business Assets For Sale - Lambertville Bakehouse

Business Asset Sale of an existing and operating Bakery and Sandwich Cafe Business located historic Lambertville, New Jersey

BUSINESS SUMMARY

Business Name:	Lambertville BakeHouse
Property Address:	61 North Main Street, Lambertville, NJ
NAICS/ SIC / Category	311811 / Bakeries & Cafes
Business Selling Price	$175,000
Security Deposit:	$17,500
What’s For Sale/Transaction:	This is a Business Asset Sale of all Business Furniture, Fixtures, Equipment, Leasehold Improvements, Intellectual Property, Raw Material Inventory, Branding, Copyrights, Trademarks, Signage, Goodwill and Leasehold Rights.
Financing:	The Seller has indicated an interest in considering a Seller Finances loan to the Buyer for up to 75% of the final Selling Price, at 5%, subject to negotiations with a qualified buyer.
Ownership:	Lambertville Bakehouse, LLC
Website:	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 currently quoted at $3,975.00/mo for a new, 5 year lease.
Available sqft.	1,217 sqft. interior space, lower level basement storage and utility closet
Dimensions:	20’ wide x 52’ deep.
Staffing:	Owner has owned and operated the business up through 12/31/2023. Former staff is potentially available for re-hire (3 PT staff).
Operating Status:	Currently Closed and was Operated 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:	mailto: [email protected]
Offering Memorandum Link:	Lambertville BakeHouse

Business Highlights

Turnkey Cafe and Bakery featuring dine-in, countertop service and pickup and delivery options
Located on walkable village street that is also a main artery through a downtown business district (extension of US Rt. 29 N/S)
Significant street presence with interior and exterior cafe style seating and countertop service
Fully remodeled, redecorated and systems updated to a quaint, themed bakery and sandwich cafe in 2021
Modern, ample cooking and baking equipment including start of the art baking ovens, large refrigerators, freezers and 2 ventilation hood systems.
Countertop coffee and tea service with a unique sandwich and baked menu
Currently offering freshly baked Bagels, Croissants, Pies, Cakes, Cookies, Bread and Brioches
Frequented by locals, tourists and beyond trading area

Business Tour Video

https://youtu.be/NMpviLXDGwU

Key Concepts & Ideas

Unique “Corner Bakery” concept in a small town environment
Part of the friendly and quaint Delaware River Town ambiance and environment
Chef inspire recipes, carefully sourced ingredients, and baked goods made from scratch and on-premises
Locally visited shop

Competitive Advantages

Warm and Friendly cafe style atmosphere that appeals to locals as a well as a broad appeal to seasonal tourists and a residential “beyond” customers
One of only two bakeries in town, the only freshly baked, on-premises bakery cafe.
State of the Art bakery setup with ample baking equipment as well as grill and the ability to diversify the offering

Transaction Summary

This a Business Asset Sale and includes, Business Name, Business Operational Assets, All FF&E, Leasehold Improvement Assets, Intellectual Property (procedures, menu, recipes, methodologies), Goodwill (Customer Lists, Social Media Platforms), Logos and Trademarks).
At Settlement, the new owner would be required to enter into a negotiated 5-10 year Lease with current Owner/Landlord.

Key Business Features

1,214 sqft. highly visible, in-line, retail space located on high traffic’d Main Street (US Rt. 29) in the downtown shopping district of Lambertville, NJ.
Owner had invested over $200,000 in Leasehold Improvements and FF&E to open a very attractive and compelling bakery, and casual dinning restaurant that includes countertop service, catering and delivery services. The offering that has a wide appear to both restaurant patrons, students and local businesses.
Owner is selling business due to the pursuit of other restaurant pastry chef opportunities.
The cafe is permitted to seat up to 43 people in the interior dinning area, has countertop walk-in service shop and also has a rear of house bakery, sandwich and meal preparation kitchen with extra storage capacity in the basement for raw material and supplies to operate an expanded wholesale and catering business.
State of the Art, modern baking equipment offer the ability to create and serve a tremendous variety of fresh baked goods as well as hot meals and sandwiches.
Owner is Landlord of building and is willing to enter into a new 5-10 year NNN Lease with new owner.
Potential for existing staff to remain when new Owner takes possession.
Current business is only open 4 days per week and there is upside for additional revenue if business expands operating days and/or hours.
Owner is willing to remain for short term period to orient, educate and train new owner in the specific operation and management of the existing businesses.

Business Description

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.

Transaction Summary

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.

Facility and Location

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.