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32341500
32341498

948 Cromwell Ave, Rocky Hill, CT 06067 For Sale

RZ
CT CT 0792917
Agnelli Real Estate
Listed by Agnelli Real Estate
$395,500
73 days on market
Updated 69 days ago

Patty Cakes Bakery of CT

Details
Property Type Retail
Sub Type Convenience Store, Restaurant (+1)
Square Footage 3,750
NOI $195,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Parking Spaces 150 spaces
Parking per 1,000 SqFt 40.00
Investment Type Owner/User
Ground Lease No

Retail Bakery | 3,750 SqFt Business Asking Price:$395,500. Rent: $4,850.91 NNN

Marketing description

Exceptional opportunity to acquire a highly respected and well-established landmark bakery business. Located in a prime, high-traffic location in Rocky Hill. Patty Cakes Bakery of CT has been serving the community since 2003 and has built a loyal customer following with a strong reputation for quality baked goods, specialty cakes, desserts, pastries, breakfast & lunch items and catering services.

This turnkey operation occupies approximately 3,750 SF and is fully equipped with an estimated FF&E value of approximately $129,500 included in the asking price.

The current lease is favorable with below market rent of $4,850.91 per month plus approximately $1,000 NNN charges.

Business Highlights:

Established since 2003

Approx. $1.2 Million in reported sales

Approx. $195,000 NOI

Landmark bakery with strong community presence

Fully equipped turnkey operation

Excellent visibility and accessibility

Loyal repeat customer base

Strong catering and specialty cake business

Growth opportunities through expanded wholesale, online ordering, delivery, and marketing initiatives

Experienced staff in place

Training available for transition

Included in Sale:

Furniture, Fixtures & Equipment (Approx. $129,500 value)

Established business name and goodwill

Recipes and operational systems

Existing customer base

Product inventory estimated at approximately $15,000

Asking Price:

$395,500

Confidentiality is required. All prospective buyers will be asked to complete a confidentiality agreement and provide proof of funds prior to receiving additional financial information or scheduling a tour.

Investment highlights

  • Well-Established Landmark Bakery
  • 23 Years in Business
  • Turnkey Opportunity in Rocky Hill, CT
  • ~3,750 SF Space
  • High Visibility Established Location
  • Well-Established Community Favorite
  • Turnkey Operation All FF&E Included
  • Reported Sales: Approx. $1.2 Million
  • NET OPERATING INCOME: $195,000
  • PRODUCT INVENTORY: $15,000
  • FF&E VALUE: $129,500
  • Own a thriving bakery with a loyal customer base and solid financials!

Listing Contacts

RZ
CT CT 0792917
Agnelli Real Estate
Listed by Agnelli Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,000.00
$16,250.00/mo

Valuation Metrics

0
DSCR
49.3%
Cap Rate
49.3%
ROI

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Additional Information

Name
Rick Ziff
License
CT 0792917
Brokerage
Agnelli Real Estate
Title
Licensed Realtor, Senior Advisor, Service Safe Certified, Owner
Brokerage Address
411 Naubuc Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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