Good for you! I have owned Jules Bakery for 18 years. I have gone from a startup to a well-known branded company. Through hardwark and determination I created a successful quality bakery specializing in cakes and goodies for almost every occasion. I’ve created cakes for my own celebrations too that included two daughters’ weddings, my oldest daughter’s return from faraway places with the Peace Corp, numerous birthdays, and anniversaries. I even did my own 2016 “Kick Cancer’s Butt,” to celebrate my final chemo treatment.
- Asking price has been reduced to make it easier for traditional financing, and to adjust to the current market – $95,000 – only cash offers considered: includes equipment, inventory, management systems, client lists and recipes. Recipes include signature products that are exclusive to Jules Bakery: trade secret buttercream frosting recipe, champagne cake, crackle cookies and artisan cookies.
- Current revenues $150,000 with huge growth potential: Since downsizing after cancer, sales have naturally gone down as well. When I was hands-on in the bakery revenues reached over $300,000.
- Two-months of my expertise – I stay involved part time to help you transition. I will be available to you during each holiday and wedding season to maximize sales.
- All vendors/landlord/officials vetted, as well as bankers willing to work with you if needed.
- Lease – Landlord will offer a long-term lease
Which brings me to why I am selling the shop. During and after my cancer treatments I depended on others to run the shop. Last year I stepped back in but then realized I’m pushing the retirement age and want some time to spend on special activities. It’s time to sell.
There is more to this business than just baking. I encourage you to think seriously about the business side. Consider this: The Small Business Administration says over 60% of new companies fail in the first year. That number drops with each subsequent year in business. Successful company owners have several things in common. They know their strengths and weaknesses, they know their product and the demand for it, they understand that cash flow is king/Queen.
How did that manifest for me? Well, I had a strong background in business management, not so much in the culinary field. My learning curve was about the products; developing winning recipes and goodies that set me apart from grocery stores. My business plan was solid, and my capital request was supported by the SBA. My strengths were my confidence and willingness. My weaknesses were my confidence and my willingness! Yep, they helped me some days but hindered me others.
I have loved nearly every minute of this career. Did I get rich? HAHAHA. Could I have earned more elsewhere? Sure, but it is incredibly satisfying to be your own boss. I would not trade these 18 years for anything. I don’t see the same $400,000 revenues today that I did before cancer, but I know it can happen again — for you this time — because the demand is still there for high quality made from scratch baked goods.
Still want to own a bakery? I applaud you. Be honest with yourself. Have a strong business plan. Ask for help for organizations such as the SBA or SCORE. Approach a banker loaded with homework already done. I would wish you good luck, but really? Luck does not have much to do with it. Knowing your stuff does. Maybe a better way to say it is… Good Fortune to you.