930 Eaton Street

Description

Business Only -A Key West institution, this award-winning bakery and sandwich shop is offered for sale by the original owners for the first time. This is your opportunity to own a piece of real Key West. Located in a historical building on a busy, high visibility corner in the heart of the Historic Seaport neighborhood. Boasting consistently strong sales numbers for it's more than 14 year history. 2024 is booming and the bakery's location on the corner of Eaton and Grinnell Streets features heavy foot traffic from the hotels and guesthouses that surround it, as well as the local following it has enjoyed since it's 2010 inception. Presently run as takeout only. Old Town Bakery is highly profitable as is, and offers excellent opportunity for expansion with added seating, increased hours of operation, delivery, wholesale, just to name a few. Seller owns the property and will work with Buyer on any expansion projects and will negotiate a fair, long term lease that work for the continued success of the business. Large kitchen, as well as massive storage area on 2nd floor easy to convert to office or even owner's quarters. Priced at 1.6 times the Net Operating Income, this lucrative fully equipped business is ready to go for a new owner/operator. All financials including 3 years tax returns and thorough sales data will be provided with NDA.