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    15 Germay Dr Wilmington, DE 19804

    Sponsored
    For Sale
    $275,000

    Established Pastry Shop, $275,000

    Property size:
    2,244 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey opportunity presents a thriving pastry and cake decorating business located at 15 Germay Drive, Wilmington, Delaware, 19804. The 2,244 square foot Class B retail space is priced at $275,000, or $122.55 per square foot. The sale includes all fixtures, furniture, and equipment (FF&E), a comprehensive inventory of small wares, confectionaries, and ingredients, and a valuable established customer database. The seller's extensive 27+ years of experience and proven recipes are also part of the asset purchase, ensuring a smooth transition for the new owner. A two-week training period is offered to facilitate a seamless handover of operations. The fully equipped commercial kitchen boasts state-of-the-art stoves and refrigeration, along with all the specialized tools and equipment necessary for creating custom cakes and pastries. This is a rare chance to acquire a well-established, profitable business with significant growth potential in a desirable location. The property is situated in New Castle County and offers immediate access to a loyal customer base. This is an ideal opportunity for a passionate entrepreneur seeking to own and operate a successful confectionery business.

    Property Features for 15 Germay Dr

    General Information

    Property type
    Restaurants
    Square Feet
    2,244 SF
    Class
    B

    HighLights

    • Turnkey pastry and cake decorating business for sale at $275,000.
    • Includes all fixtures, furniture, and equipment (FF&E).
    • All small wares, confectioneries, and ingredients included.
    • Established customer database included in the sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cakes By Kim Cake Shop Religious Oils Religious Goods Store Fastenal Fulfillment Center Wholesaler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5781945
    Latitude
    39.7295742

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    FAQs

    What type of property is this?
    Restaurant - Established Pastry Shop, $275,000
    Where is this restaurant located?
    The property is located at 15 Germay Dr Wilmington, DE.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Turnkey pastry and cake decorating business for sale at $275,000.; Includes all fixtures, furniture, and equipment (FF&E).; All small wares, confectioneries, and ingredients included.
    Request Owner's contact information
    15 Germay Dr Wilmington, DE 19804
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    Wilmington, DE 19804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Germay Dr Wilmington, DE 19804
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