Giovanni's Bakery & Pastry Shop
Newington, CT
Building Overview
Summary
- Property Type: Retail
- Subtype: Restaurant
- Lease Type NNN
- Tenancy: Single
- Square Footage: 3,834
- Mo. Rent $5,000./ mo. NNN
- Property Tax $10,991
- Business Asking Price: $249,500
- Building Asking Price: $595,000
- Product Inventory: $15,000
- Reported Sales: $450,000
- Net Operating Income: To be Discussed
- Furniture, Fixtures & Equipment: $125,000. Included in asking price above
- Years in Business: 41
Marketing Description
Free standing one story Newington, CT landmark bakery and pastry business. Building built in 1971 specifically to be a bakery. Newington and surrounding towns consider Giovanni’s to be the highest quality gold standard with fair pricing.
Investment Highlights
Facilities: One story free standing 3,834 sq ft masonry construction built in 1971 on 0.18 acres, utilities 200amp, 3 phase, city water and sewers
Growth & Expansion : Social media presence. Offer Latin baking products to large Hispanic population in surrounding towns.Seller will discuss how this very profitable business can expand sales.
Copyright © 2024 Giovanni's Bakery & Pastry Shop. All rights reserved. Powered by SharpLaunch