Nauvoo Mill and Bakery

Business Opportunity for Sale
Catylist Listing ID: 30284702
Property Subtypes: Food and Beverage
Building Size (RSF): 2,464 SF
Sale Price: $424,900
Name of Establishment: Nauvoo Mill and Bakery
Business Website Address: www.nauvoomillandbakery.com
Year Business Established: 1996
Gross Revenue: $233,689 (Annual)
Cash Flow: $43,426 (Annual)
Sale Terms: Conventional, Jumbo, Seller might Assist,
Last Updated: 6/9/2018

Overview / Comments

Located in Nauvoo, IL on the "strip" you can own a magnificent business in a high Tourist town! The Traffic Count in the Summer alone is in the Upper Hundreds of Thousands of people!! Owning a Business can be "Oh So Sweet" But the fact that the Cap Rate is over 10% makes it that much sweeter! This "Turn Key" business has been in the family for over 30 years, has a phenomenal reputation and a solid customer base which shows through their Net Income!! This business has the potential to grow even GREATER! All Business Equipment stays at this price as well. Then to sweeten the deal, there is a piece of history on the property that comes with it! We have a Confidentiality Agreement that will need to be signed in order to protect the current business owners and it's employees hence there also will not be any sign on the property. Nauvoo is known for oh so many things, one being it was once the capital of IL!! (Way Back In the Day! Many don't know this piece of trivia), but it is far more famous for the Nauvoo Mormon Temple! The original temple burned down many many years ago, but was Re-Built, with the help of some prominent named people, that do like to visit, approximately 10 yrs. ago!! It too is known for the famous yearly Pumpkin Walk, which in the fall is a heavy tourist attraction bringing people in from all round Illinois, Iowa and Missouri. Many of the local businesses participate in this as well, including the Nauvoo Bakery! It is easily shown with a 24+ hr appointment request. This is one GREAT Opportunity for any New or Seasoned Business Owner. They would prefer to sell all together but will consider selling property separately from equipment. We can email Brochure upon request. Contact either Listing Agent for more details.

Additional Details

Nearest MSA: Fort Madison-Keokuk
County: Hancock
Industry Segment: Other Food and Beverage
Reason for Selling: Owners are ready to retire.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Great Bakery with land and parking along with a Mill on site.
Employee/Labor Description: 2 Part Time and 2 Full Time Gross Payroll: $54,459 2016 Actual
Mgmt/Training Support Description: Owner is willing to stay on for a specific period of time to teach new owner the operation of the bakery.
Competition/Market Description: Not much competition at all. Another Baker in the area is closed most of the time while the closest to that is in Iowa!
Growth/Expansion Opportunities: There is ample room for growth and or expansion. If someone wanted to add to their menu and or their service hours you or possibly add Catering to the options for buyers you would really add value as there really is no catering in this very much tourist town.
Seller Financing Description: Seller is looking to cash out but would be willing if necessary to hold part of the note or assist the purchase in some way. Open to suggestions.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 829 3,133 3,920
Median Age: 52 47.26 47.82
Households: 358 1,307 1,645
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