Paradox Pastry - Bakery/Restaurant and Catering Business

Business Opportunity for Sale
Catylist Listing ID: 30651526
Property Subtypes: Food and Beverage
Building Size (RSF): 1,800 SF
Sale Price: $300,000
Name of Establishment: Paradox Pastry
Business Website Address: paradoxpastry.com
Year Business Established: 2012
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 10/18/2020

Overview / Comments

Well known and successful business just off the downtown mall with updated equipment in a growing location. In addition to the regular in store business (with COVID Compliant patio space) Paradox Pastry has a strong catering and Wedding Cake business. This is an excellent opportunity to step into a business. Business has weathered COVID well in comparison to other businesses of this type. Already has bookings for weddings next year. Online store has been set up for curbside pick up. Delivery is an option as well.

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Industry Segment: Restaurants
Reason for Selling: Owner has had some changes in her personal life and also is simply ready to take a break and look towards new ventures in other industries.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Gross lease. Tenant responsible for water and pro-ration of trash service. Additional space available for lease in same building.
Employee/Labor Description: Owner Operator + 4 FT and 2 PT staff members
Mgmt/Training Support Description: Will provide transition assistant with a written agreement for such.
Competition/Market Description: Primary Competitors are Marie Bette and Albemarle Baking Co though Paradox has a focus on cakes and other confection items that are not part of their competitors' menu of services.
Growth/Expansion Opportunities: With expansion of office and living spaces adjacent and near to site there is ample opportunity to grow this business. Current owner has also capped catering volume for personal reasons and so there is added opportunity there. Weddings and basic catering is running about 30% of the overall volume in current market.

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Proximity: 1 mile 3 miles 5 miles
Total Population: 19,235 74,755 88,263
Median Age: 31.83 31.81 33.52
Households: 8,384 29,543 35,026
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