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Sweet Memories Bakery and Crave Catering
NCListing DetailsOffice ID: CAKE1
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $85,000
FF&E: $85,000
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Owner financing a possibility, must be a qualified buyer who has industry experience.
Reason for Sale:
Donna Ford, Owner, seeks a Lifestyle Change away from catering and retail location, focusing all of her time on the Wedding Cake Business. Donna is not selling her business name or recipes, as she intends to stay in the Wedding Cake Business post-transaction. However, Donna is selling everything in her retail location which serves both bakery and catering; retail space, equipment, fixtures and supplies. This is an asset sale only, Sweet Memories business name and IP are not for sale, however, Crave Catering Name and IP are included in the sale, as well as all Crave Catering Clients.
Training:
Transitional support and assistance available for a defined period of time, 3 months or less.
OperationsYear Established: 2003
Business Hours: T-S 9-5, Closed Monday
Summary
Business Description:
Sweet Memories Bakery is an upscale, dessert boutique specializing in custom cakes, decadent cupcakes, whimsical cookies, yummy desserts along with a tempting array of artisan gift confections. The bakery is located in beautiful Apex, NC (Peakway Shopping Center). The Chef’s unique cake designs have been featured on Food Network and the Food Network Challenge “Giant Wedding Cakes”. Sweet Memories Cakes have also been featured in a variety of other prominent publications, television shows, films and commercials. Since 1998, Sweet Memories has created masterpieces in cake for over 100,000 events! www.sweetmemoriesbakery.com Donna Ford is the Executive Chef/ CEO of Sweet Memories Bakery and Crave Event Caterers. Donna has worked with world class event planners and chefs. She was honored to design events for celebrity entertainers and clientele. Her unique cake designs have been featured in a variety of prominent publications, televisions shows, films and commercials. Donna had the honor of being selected to share her knowledge and expertise while conducting main stage seminars and co-producing the award winning events “Anthology” and A Night at the Marquee” for the National 2010 and 2011 CaterSource Conference in Las Vegas. Additionally, Donna and her pastry team have been featured on Food Networks Challenge “Giant Wedding Cakes” and were Speakers at the National Association of Catering Executive Experience 2010 in Austin, TX. Some of Donna’s past clients include: Bill and Hillary Clinton, Princess Diana, Hulk Hogan, Coach K, Shaquille O’Neil, Governor Bev Perdue, Events Planner David Tutera, Event Planner Preston Bailey and thousands of happy brides! Sweet Memories Bakery Sister Company, Crave Event Caterers, is a boutique catering division that provides delicious food with unique presentations. Crave caters to private parties, weddings, corporate events, corporate lunches and more. www.cravenc.com
Historical Summary:
Seller invested $150,000 in updating the location in 2011.
Owner Qualifications:
Should have experience in catering and retail.
Potential Growth:
Excellent opportunity for a "Food to Go" concept from retail location in addition to catering and bakery.
LocationType of Location: Strip Center
Lease Expires: Jun 1, 2017
Option: Renewable
Monthly Rent: $5,658
Monthly Common Area Maintenance: $1,257
Square Footage: 3772
Facilities:
A perfect high end fully equipped bakery. A "must see." Sweet Memories Bakery 800 West Williams Street (Hwy 55) Suite 112 Apex, NC 27502
Last Updated: Feb 3, 2016 / 11:19 AM
Financial Information Current as of: Sep 10, 2015 / 1:29 PM