Turnkey Bakery
For Sale
$395,000
Turnkey Bakery Business for Sale 504 Guido Circle, Bloomington, IL 61701
Established bakery and catering operation on the market, operating for nearly 40 years with custom cakes and desserts.
Property Size3,797 SF
Days on Market48
Property Features for Turnkey Bakery Business for Sale 504 Guido Circle
General Information
Standard status
Active
Size
3,797 SF
Property subtype
Special Purpose
Additional Details
Business Included
Yes
Building Details
Building Size
3,797 SF
Year Built
1970
Listing Agency:
SVN | Core 3
(309) 706-9672
Listed By:
Julie Baller · License #471022624
Source:
Svn
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 9 at 6:27AM
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 SVN | Core 3
Investment Insights
Based on property information with market context.
Janet’s Cakes & Catering is being offered for sale as a turnkey commercial acquisition, designed for an owner-operator who wants to step into an operating brand. The business has run for nearly 40 years and focuses on made-to-order custom party cakes, wedding desserts, and its recognizable almond frosting. The current owner is seeking a buyer to carry forward Janet’s name, recipes, and legacy.
The business is located at 504 Guido Cir in Bloomington, Illinois (61701). As an ongoing local operation, it presents a direct path for a new proprietor to maintain continuity with existing baked-goods offerings and established catering work.
This property/business is a strong fit for an aspiring baker looking to operate their own bakery and catering business, or a seasoned restaurateur who wants a dedicated baking concept. Because the sale is positioned as turnkey, the expectation is to assume the brand’s established cake and dessert program rather than starting from scratch. If you’re looking for a proven, long-running bakery/catering operation with a clear product focus—party cakes, wedding desserts, and almond frosting—this is an opportunity to continue the operation under the existing recipes and brand identity.
The business is located at 504 Guido Cir in Bloomington, Illinois (61701). As an ongoing local operation, it presents a direct path for a new proprietor to maintain continuity with existing baked-goods offerings and established catering work.
This property/business is a strong fit for an aspiring baker looking to operate their own bakery and catering business, or a seasoned restaurateur who wants a dedicated baking concept. Because the sale is positioned as turnkey, the expectation is to assume the brand’s established cake and dessert program rather than starting from scratch. If you’re looking for a proven, long-running bakery/catering operation with a clear product focus—party cakes, wedding desserts, and almond frosting—this is an opportunity to continue the operation under the existing recipes and brand identity.
Key Highlights
- Established Janet’s Cakes & Catering business at 504 Guido Cir, Bloomington, IL 61701
- Operated for nearly 40 years as a bakery and catering operation
- Offers custom party cakes, wedding desserts, and almond frosting
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
$26,222
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
6.64%
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%
$524,440
$524.4K
Cap Rate 7%
$374,600
$374.6K
Cap Rate 9%
$291,356
$291.4K
Market Conditions
NOI Build-Up for 3,797 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
$39.6K $10.44/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$37.5K $9.87/SF
− OpEx
−$11.2K −$2.96/SF
NOI
$26.2K $6.91/SF
Area
McLean County, IL
Vacancy
5.50%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
30.00%
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%
$524,440
Cap Rate 7%
$374,600
Cap Rate 9%
$291,356
Alternative Uses
Best Use
Specialty Retail
$668.6K
$585.0K – $780.0K
NOI $46,800 @ 7.0% cap · market cap 11.85%
Second Best
Industrial
$374.6K
$327.8K – $437.0K
NOI $26,222 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$791.5K
$692.6K – $923.4K
NOI $55,406 @ 7.0% cap · market cap 14.03%
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
1,085
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Dining 36%
Shops & Services 15%
Beauty & Spa 1%
Jewel-Osco
Groceries
33,668 visits/mo
0.1 miles
Kroger
Groceries
29,594 visits/mo
0.3 miles
McDonald's
Dining
25,796 visits/mo
0.3 miles
Chase Bank
Shops & Services
11,469 visits/mo
0.2 miles
Shell
Shops & Services
8,382 visits/mo
0.2 miles
Demographics for 61701, IL
34,497
Population
18,038
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,136
Density / Sq Mi
$55,882
Median Household Income
$37,674
Median Earnings
$873
Median Rent
$138,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established bakery and catering operation on the market, operating for nearly 40 years with custom cakes and desserts.
Where is this conventional restaurant located?
The property is located at Turnkey Bakery Business for Sale 504 Guido Circle Bloomington, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Established Janet’s Cakes & Catering business at 504 Guido Cir, Bloomington, IL 61701; Operated for nearly 40 years as a bakery and catering operation; Offers custom party cakes, wedding desserts, and almond frosting
