Locally-Owned Café & Bakery #64558

The Company is a locally-owned bakery and cafe restaurant serving both patrons and business clients. The Company’s service options include dine-in, to-go, catering, and home meal delivery. Meals are created from scratch in-house daily, and service is quick and friendly. Revenue is generated from a mix of the Company’s product offerings, which as a percentage of 2019 revenue, include restaurant sales (54%) and catering sales (46%). The restaurant facility was opened in 1995 and features 5,000 square feet. The facilities are adequate to accommodate near-term expansion. Location: Texas Year Established: 1995 Number of Employees: 21 Facilities: The restaurant facility was opened in 1995 and features 5,000 square feet. The facilities are adequate to accommodate near-term expansion. Market Outlook/ Competition: INVESTMENT APPEAL • Highly Profitable Business - Over the historical period (2017-2019), the Company maintained an average EBITDA margin 30.5%. Despite business disruptions due to COVID, 2020 EBITDA margins are expected to be above 20%. • Strong Supplier Relationship - The Company has long-term relationships with its vendor base. The Company has multiple vendors for each of the materials it utilizes in order to reduce the risk of losing a single supplier. The Company also utilizes tight controls to prevent overspending and waste. • Facilities Will Support Pro Forma Growth - The Company’s facilities and resources are not currently at capacity, so future growth will be supported by the current assets and facilities on hand. • Low Employee Turnover - The Company has a low employee turnover, which is a signal of efficiencies and alignment within the Company. Low turnover allows the Company to retain the most skilled and experienced personnel in the industry. Growth & Expansion: GROWTH OPPORTUNITY *Hire Additional Employees *Develop Sales/Marketing Geographic *Expansion Customer