| Business Name: | Cafe’ Du Pain Bakery and Cafe |
|---|---|
| Property Address: | 2945 Brunswick Pike, Unit 12, Lawrence Township, NJ 08648 |
| NAICS/Category | 311811 / Bakery & Cafes |
| Business Selling Price | $325,000 |
| Security Deposit: | $32,500 Asset Purchase Agreement |
| Transaction: | All Cash Business Asset Sale w/Seller Lease Assignment to new Owner |
| Financing: | Owner is willing to transfer an existing $275,000 SBA EDIL Loan at 3.75% and offset against selling price. |
| Ownership: | Private, 3 Partner LLC |
| Website: | To Be Disclosed |
| Social Media / FACEBOOK: | To Be Disclosed |
| Social Media / INSTAGRAM: | To Be Disclosed |
| Assets: | Business Name, Inc transfer, Inventory, Intellectual Property, Furniture, Fixture, Equipment, Marketing Rights, Signage, Leasehold Improvements and Lease Rights |
| Lease Liabilities: | 3 years remaining primary term on existing lease (8/31/2027), 1 option of 5 additional years. |
| Lease Term: | 3 years remaining, (terminating on 8/31/2027) with 5 additional year option (terminating on 8/31/32) Landlord willing to review and approve lease assignment to new buyer. |
| Current Monthly Total Rent: | Current Base Rent: $4,278 / month ($13.00 psf); NNNs: $1,354 / month ($4.12 psf) = $5,632.92 /month ($17.12 psf) |
| Available sqft. | 3,946 sqft. interior space, |
| Dimensions: | 20’ wide x 197’ deep |
| Menu: | To Be Disclosed |
| Operating Status: | Open and Operating by current owner. |
| Opened for Business: | August 2017 |
| Market (MSA): | Trenton-Princeton, MSA |
| SubMarket: | US Rt. 1 / Brunswick Pike retail corridor |
| Trade Area: | Lawrence Twp / Princeton, NJ |
| Center/ Neighborhood: | Lawrence Shopping Center (regional shopping center anchored by Lidl, Burlington, Five Below, CitiTrends, AutoZone) |
| Available: | Immediately |
| CONTACT: | Mark Mueller |
| INTERMEDIARY: | CRE Resources, LLC |
| PHONE: | 856.745.9706 |
| EMAIL: | https://creresources.notion.site/405b9df3a11243f881ae0622c0e7422f / |
| Offering Memorandum Link: | https://offeringmemorandum.creresources.biz/frenchbistrobakery |
A highly recognized, family owned French Style Bistro and Bakery, performing retail cafe, wholesale, catering, baking classes operations in an ~4,000 sqft. facility in Lawrence Township, NJ. The location features an friendly and inviting cafe/bistro shop in front with countertop service counters containing visible baked good cases. The rear of house features offices, training rooms, huge walk-in freezer and refrigerator storage 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 Educational businesses. Transfer will also include the Assignment of an existing 4 year retail NNN lease that includes an additional 5 year option.
The existing cafe and bakery are located in a 3,946 sqft. (20’ wide) retail, inline location within a 393,340 sqft. regional power center with a grocery store and discount store anchor tenants. location. Location has up to 50 seat customer occupancy and has the benefit of an expansive on-grade shopping center parking lot, excellent street visibility 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 Walk-in Freezer and Refrigerator and extensive storage space for raw material and supplies for high production baking and pastry production. Education, Training and Party Room, Manager’s Office, several sealed storage rooms, 6’ ventilated cooking area, 50 & 25 lb. grease traps.
BRG Guide Bakery & Cafe Industry Overview.pdf
Floorplan Layout Drawing for French Bistro Bakery-4.pdf
| Metric | Industry Standards | 2020 | % Rev. | 2021 | % Rev | 2022 | % Rev | 2023 Projection | % Rev | Notes |
|---|---|---|---|---|---|---|---|---|---|---|
| Income/Revenue | $325k - $450k | $227,627 | $269,293 | $335,340 | $350,000 | |||||
| Cost of Goods | 30-35% | $81,360 | 35.7% | $64,631 | 24.0% | $101,018 | 30.1% | $105,434 | 30.1% | |
| Gross Profit | $146,268 | 64.3% | $204,662 | 89.9% | $234,566 | 69.9% | $244,566 | 69.9% | ||
| Labor | 24-40% | $96,416 | 42.4% | $83,421 | 31.0% | $72,307 | 21.6% | $68,853 | 19.7% | Does not include Owner/Operator Salary |
| Administrative Operating Expenses (incl. Payroll Exp) | 40-65% | $94,461 | 41.5% | $165,092 | 72.5% | $181,171 | 54.0% | $231,686 | 64.4% | |
| Adj. Cash Flow | $152,292 | 56.0% | ($22,118) | -9.7% | $181,741 | 54.2% | $63,341 | 27.8% | ||
| Adju. EBITDA | $306,052 | 46.7% | $250,297 | 110.0% | $130,887 | 39.0% | $84,395 | 37.1% | ||
| Adj. SD Earnings | ($142,62) | -62.5% | $175,538 | 77.1% | $167,725 | 50% | $154,505 | 67.9% | ||
| Inventory (at Cost) | $15,000 | $15,000 | Typical On-hand raw material and supplies | |||||||
| Fixed Assets (replaceable value) | $193,636 | FF&E & Leashold Improvements | ||||||||
| VALUE - CashFlow | ||||||||||
| VALUE - Revenue | $164,136 | |||||||||
| VALUE EBITDA | $416,221 | |||||||||
| VALUE - Assets + CashFlow |
Demographics & Psychographics, Restaurant Demand, 2495 Brunswick Pike.pdf
| Drive Time to Location | Population 2022 | Population 2027 | Projected Population Growth 2022-2027 | 2022 Median Age | Households | 2022 Medium HH Income | Diversity Index | Daytime Population (Workers) | Bachelor / Graduates | Owner Occupied Housing | Generational Mix |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 Minutes | 18,085 | 18,275 | .21% | 41.9 | 6,575 | $81,439 | 80.7% | 16,987 | 36% | 60% | Millennials: 39%, Baby Boomers: 16%, Gen X :19%, Gen Z: 16% |
| 10 Minutes | 159,973 | 159,655 | -.04% | 38.1 | 58,594 | $68,631 | 85.3% | 199,290 | 33% | 53% | Millennials: 38%, Baby Boomers: 15%, Gen X :19%, Gen Z: 18% |
| 15 Minutes | 328,757 | 330,105 | .08% | 39.3 | 120,367 | $84,439 | 81.8 | 390,767 | 41% | 62% | Millennials: 38%, Baby Boomers: 15%, Gen X :19%, Gen Z: 19% |
Baby Boomer Population (Born 1946 to 1964) - 19%
Generation X Population (Born 1965 to 1980) - 20%
Millennial Population (Born 1981 to 1998) - 26%
Generation Z Population (Born 1999 to 2016) - 23%
https://docs.google.com/spreadsheets/d/1VDEv4U66EUfYa65Ufp6m7HjtbcIGRf6iEyQVKdG7i9k/edit?usp=sharing
| Business | Location | Status | Selling Price | Revenue | Cash Flow | Revenue Multiple | Cash Flow Multiple |
|---|---|---|---|---|---|---|---|
https://www.google.com/maps/d/edit?mid=19wd6qUaHjmgYPE5V0nWxi8naHUQRLn8&usp=sharing
