Retail and wholesale bakeries combine loyal regulars with wholesale accounts — food businesses where recipes, equipment, and accounts carry the value.
Updated June 5, 2026 · live market data refreshed daily
Live from the Waterfall — refreshed daily and de-duped across the major marketplaces and broker sites we track.
The states with the most bakeries listed in the Waterfall right now — tap through to that state’s full market.
National averages blur the picture — pricing for bakeries swings by state. Here’s the live median in the states with enough priced bakeries to trust a number, cheapest in Pennsylvania (~$160,000) and priciest in New Jersey (~$380,000).
| State | Listings | Median asking | Median cash flow | Typical multiple |
|---|---|---|---|---|
| Pennsylvania | ~60 | ~$160,000 | ~$50,000 | 3.4× |
| Texas | ~80 | ~$190,000 | ~$90,000 | 2.2× |
| Florida | ~100 | ~$200,000 | ~$170,000 | 1.2× |
| California | ~150 | ~$240,000 | ~$240,000 | 1.0× |
| New York | ~70 | ~$300,000 | ~$230,000 | 1.3× |
| New Jersey | ~50 | ~$380,000 | ~$90,000 | 4.0× |
Medians shown only for states with enough disclosed bakeries financials to be reliable; smaller states are still building priced inventory. Rounded live medians from the Waterfall, not appraisals.
A sample of what’s live right now. Set a Buy Box to see only the bakeries that fit your thesis.
Showing 4 of ~900 active listings · financials shown where the broker disclosed them.
The hard part of buying one of the bakeries isn’t that there’s nothing for sale — it’s that the deals are scattered across general marketplaces, dozens of local broker sites, and a much larger pool of owners who never list at all. Searchers who win do two things: they cover the on-market sources we track in one place, and they go directly to owners off-market.
On-market, bakeries show up across national marketplaces and the sites of regional brokers who work specific metros. Off-market is where the depth is — owner-operated businesses whose owners would sell to the right buyer but have never put up a listing. DealStratum’s Waterfall pulls the on-market sources into one live, de-duped feed; Owner Sourcing and Direct Mail reach the off-market owners.
Set your Buy Box to bakeries (plus your states, price, and cash-flow range) and the Waterfall narrows to only the bakeries that fit your thesis — refreshed daily and de-duped, so you’re not re-reading the same listing under three brokers. Add the ones worth a look to your pipeline in a click, and screen them fast with AI Deal Screening before you spend a week on diligence.
Searchers looking at bakeries often also track:
Cover the on-market sources we track in one feed (a deal aggregator filtered to bakeries) and go off-market directly to owners. Searching marketplaces one at a time misses both the regional broker listings and the much larger off-market pool.
Yes — most of them. The strongest bakeries are owner-operated and never publicly listed. You reach them by sourcing the owner and contacting them directly. See finding off-market businesses.
Asking prices for bakeries listed in the Waterfall right now range from about $10K–$12.6M, depending on cash flow, location, assets, and whether real estate is included.
Turn on the Waterfall, filter to bakeries, and watch the matches come to you — on-market and off.