Turnkey Bakery Business
For Sale
Contact for pricing
948 Cromwell Ave, Rocky Hill, CT 06067
Turnkey bakery operation with included FF&E and an existing lease at $6,065.72 monthly plus approximately $1,000 NNN charges.
Property Size3,750 SF
Price / SF$79.73
Days on Market122
Property Features for 948 Cromwell Ave
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
150
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$195,000
Additional Details
Business Included
Yes
Building Details
Tenancy
Single
Listing Agency:
Agnelli Real Estate
Listed By:
Rick Ziff · License #CT 0792917
Source:
Crexi
Added: May 7
Changed: Aug 16
Last Checked: Sep 5 at 5:41AM
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 Agnelli Real Estate
Investment Insights
Based on property information with market context.
A highly respected, well-established landmark bakery business offered for sale as a turnkey operation. Serving the community since 2003, the business produces baked goods, specialty cakes, desserts, pastries, and breakfast and lunch items, with catering services as part of the operation. Approximately 3,750 SF is currently in use and the space is fully equipped, with included furniture, fixtures, and equipment valued at approximately $129,500 in the asking price.
The business is located on Cromwell Ave in Rocky Hill in a prime, high-traffic setting, with excellent visibility and accessibility noted in the remarks. The current lease is described as favorable, with rent of $6,065.72 per month plus approximately $1,000 in NNN charges.
Reported business highlights include approximately $1.2 million in sales and approximately $195,000 NOI. Included in the sale are the furniture, fixtures, and equipment; the established business name and goodwill; recipes and operational systems; an existing customer base; and inventory estimated at approximately $15,000. Confidentiality is required, and prospective buyers will be asked to complete a confidentiality agreement and provide proof of funds prior to receiving additional financial information or scheduling a tour.
The business is located on Cromwell Ave in Rocky Hill in a prime, high-traffic setting, with excellent visibility and accessibility noted in the remarks. The current lease is described as favorable, with rent of $6,065.72 per month plus approximately $1,000 in NNN charges.
Reported business highlights include approximately $1.2 million in sales and approximately $195,000 NOI. Included in the sale are the furniture, fixtures, and equipment; the established business name and goodwill; recipes and operational systems; an existing customer base; and inventory estimated at approximately $15,000. Confidentiality is required, and prospective buyers will be asked to complete a confidentiality agreement and provide proof of funds prior to receiving additional financial information or scheduling a tour.
Key Highlights
- Patty Cakes Bakery of CT has operated since 2003 with an established local customer following.
- ~3,750 SF turnkey bakery business with furniture, fixtures & equipment included (est. $129,500 FF&E value).
- Reported sales of approximately $1.2 million and reported NOI of approximately $195,000.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 33%
Shops & Services 22%
Home Improvements & Furnishings 8%
IGA Westside Marketplace
Groceries
19,001 visits/mo
0.2 miles
Starbucks
Dining
14,670 visits/mo
0.2 miles
Bank of America
Shops & Services
4,845 visits/mo
0.1 miles
Ace Hardware of Rocky Hill
Home Improvements & Furnishings
4,010 visits/mo
0.1 miles
Citizens Bank
Shops & Services
3,751 visits/mo
0.2 miles
Demographics for 06067, CT
20,809
Population
9,300
Households
2.2
Avg Household Size
43
Median Age
49%
College-Educated
95%
High-School Grad
13.3 sq mi
ZIP Area
1,565
Density / Sq Mi
$100,122
Median Household Income
$62,506
Median Earnings
$1,705
Median Rent
$329,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey bakery operation with included FF&E and an existing lease at $6,065.72 monthly plus approximately $1,000 NNN charges.
Where is this conventional restaurant located?
The property is located at 948 Cromwell Ave Rocky Hill, CT.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Patty Cakes Bakery of CT has operated since 2003 with an established local customer following.; ~3,750 SF turnkey bakery business with furniture, fixtures & equipment included (est. $129,500 FF&E value).; Reported sales of approximately $1.2 million and reported NOI of approximately $195,000.
