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33942550
33942561

537 W Fourteenth St & 1115 E. Eighth St, Traverse City, MI 49684 For Sale

Coldwell Banker Commercial Schmidt, Realtors Traverse City
Listed by Coldwell Banker Commercial Schmidt, Realtors Traverse City
$2,450,000
21 days on market
Updated 6 days ago

Common Good Bakery

Details
Property Type Retail
Sub Type Storefront
Occupancy 100%
Tenancy Single
Lease Type Gross
Remaining Term 5

Unique business growth opportunity in Northern Michigan

Marketing description

Two Established Locations in Downtown Traverse City - 14th Street is the original location and neighborhood anchor, where the brand was built and a high traffic location on 8th Street with catering production and liquor licensing in place. Both under long-term leases with predictable occupancy costs and b oth were built out by the founder as his own general contractor at a high level of detail and quality. Common Good Bakery is a rare offering: a European-style bakery with an established eight-person management team, premium market positioning, protected intellectual property, and a beloved brand, located in one of the Midwest’s most desirable communities. The business runs today without its founder in daily operations. For the right buyer, whether an experienced hospitality operator, a professional seeking a lifestyle investment, or someone passionate about craft baking who wants a proven concept, Common Good is a turnkey opportunity with exceptional fundamentals and room to grow. The sellers plan to retire and are prepared to support a thoughtful transition.

Investment highlights

  • WHAT YOU ACQUIRE - The brand and both USPTO trademarks; All equipment, including the 23,000-lb brick oven; Both location leases; Full Operations Manual; All Recipes and SOPs; Inventory and customer relationships; The Rebels’ Bread Club (9,500+ members); Class C and SDM liquor licenses; and the trained eight-person management team
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Listing Contacts

Coldwell Banker Commercial Schmidt, Realtors Traverse City
Listed by Coldwell Banker Commercial Schmidt, Realtors Traverse City

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