Established French
For Sale
Contact for pricing
1445 N Congress Avenue # 3 ##3, Delray Beach, FL 33445
Turnkey French bakery business for sale, fully equipped with specialty baking and pastry tools plus an imported bread oven.
Property Size1,000 SF
Price / SF$250
Days on Market102
Property Features for 1445 N Congress Avenue # 3 ##3
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
6
Property subtype
Business for Sale, Retail, Special Purpose, Office
Zoning
PCC (city)
Additional Details
Business Included
Yes
Building Details
Year Built
1995
Listing Agency:
Lokation
(954) 232-5785
Listed By:
Olivier Verdier · License #3622662
Source:
Crexi
Added: May 3
Changed: Aug 11
Last Checked: Aug 10 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lokation
Investment Insights
Based on property information with market context.
This for-sale bakery business has been established since 2021 and operates as a fully equipped French bakery serving bread and pastry. The operation includes commercial kitchen equipment, freezers, mixers, an imported bread oven from France, pastry workstations, and the pastry tools required for day-to-day production. It is positioned to run with the existing baking and pastry workflow using the current equipment package.
The business is located at 1445 N Congress Avenue in Delray Beach, Florida. The offering is designed to support a smooth transition, with the owner planning to stay a couple of weeks after the sale.
Financially, the business is described as having stable historical performance, with 2025 profit of approximately $40,000.00. For buyers looking for a ready-to-operate bakery with substantial equipment in place, this presents an established operation with an ongoing customer base, supported by the included baking and pastry production assets. The included equipment inventory is noted at over $80,000, giving the business a clear and practical foundation for continuing production immediately after transition.
The business is located at 1445 N Congress Avenue in Delray Beach, Florida. The offering is designed to support a smooth transition, with the owner planning to stay a couple of weeks after the sale.
Financially, the business is described as having stable historical performance, with 2025 profit of approximately $40,000.00. For buyers looking for a ready-to-operate bakery with substantial equipment in place, this presents an established operation with an ongoing customer base, supported by the included baking and pastry production assets. The included equipment inventory is noted at over $80,000, giving the business a clear and practical foundation for continuing production immediately after transition.
Key Highlights
- Established French bakery business operating since 2021 with a growing local clientele
- Fully equipped with $80,000+ in commercial baking equipment, including freezers, mixers, and specialty tools
- Includes an imported bread oven from France
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,020
$385.0K
Cap Rate 7%
$275,014
$275.0K
Cap Rate 9%
$213,900
$213.9K
Market Conditions
NOI Build-Up for 1,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.6K $27.60/SF
− Vacancy
−$1.9K −$1.93/SF
EGI
$25.7K $25.67/SF
− OpEx
−$6.4K −$6.42/SF
NOI
$19.3K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,020
Cap Rate 7%
$275,014
Cap Rate 9%
$213,900
Alternative Uses
Best Use
Specialty Retail
$275.0K
$240.6K – $320.9K
NOI $19,251 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$154.2K
$135.0K – $179.9K
NOI $10,796 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey French bakery business for sale, fully equipped with specialty baking and pastry tools plus an imported bread oven.
Where is this conventional restaurant located?
The property is located at 1445 N Congress Avenue # 3 ##3 Delray Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Established French bakery business operating since 2021 with a growing local clientele; Fully equipped with $80,000+ in commercial baking equipment, including freezers, mixers, and specialty tools; Includes an imported bread oven from France
