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Retail Bakery And Coffee Shop For Sale

Victoria, British Columbia
Asking Price:
$350,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$480,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

The bakery is ran as a food/coffee break/bakery business. Only 4 years in business and sales around $500.000. Situated in a rapidly growing part of town, the bakery is surrounded by offices and rental condo (soon to be at the bottom of the tallest building on Vancouver Island) building that brings a steady stream of customers to your door.
Week days customers are office workers, construction workers, and locals. Weekends
people come from everywhere around town to the market, to buy their breads and baked
goods. Summer we see lots of tourists as well.
Currently running a marketing campaign with Google that put you on the top of the searches for anyone looking within 2KMS of the bakery (very impressive growth).
Easy operation to expand in wholesale baking (coffee shop, small and large grocery shop in town
are looking for local baked goods) as the operation is running only 8 hours a day for the
retail bakery.
Very easy to sale at summer market ($50.000, ask us for details)
Sales are even through year, locals in winter, tourists in summer
Constant cash flow
Located in the Public Market (landlord), which is a huge draw for both office workers,
construction workers, and tourists. The Market manages, secures, deals with clean up
and bathrooms, runs seasonal promotions and advertises. You are not required as a vendor to produce everything (you can resale).
2 huge constructions project finishing soon within 2 blocks will add more traffic than ever.
Really stable source of customers, more office building and rentals condos opening
every year within 2 blocks, growth is guaranteed
No bakery competition (stipulated in our lease)

What's included:
Full commercial production bakery
Full commercial retail bakery (different location)
Delivery van
Well established social media platform
Professional pics and marketing materials
Full procedures manual
POS remote access for restaurant
Recipes and training if desired. I would be willing to stay on staff and be the head baker for as long as desired by buyer.

The retail bakery is 4 years old so you are getting a new facility in the only Public market in town
The price listed at $350,000 is for the sale of the corporation. If you are interested in the assets and goodwill, price will have to be negotiated (please let me know early on).

Property information

Real Estate:

Lease

Lease Terms:

5 year lease renewable for 5 years. I think buyer would have to renegotiate when they buy but the landlord is interested to keep the bakery in place so it is no problem.

Leasehold Rent:

$5,000 (CAD) per annum

Location:

The production bakery is located in a quiet industrial zone 5 min away from the retail facility. The retail bakery is located in the Victoria Public Market, surrounded by office buildings and an average of 1 new condo building a year (part of a large development project) on our block or the next block over (you can see every new building from our door)

Premises Details:

The retail bakery is part of the public market but we have our own door as well. When our market gates are open, you can come in from the market directly. The market is in charge of management, security, cleaning, promos and deco, advertisement.

Business Operation

Expansion Potential:

We could develop sandwiched further for the lunch crowd, offer more specialty coffee (we don't have a commercial set up and that would bring in serious revenue). The easy expansion is in wholesale because the production bakery is running only 8 hours a day, so you could produce a lot more if you are good at managing work force. there is high demand from local coffee shop, restaurant and grocery store for local baked goods. Sales at summer market have generated up to $50.000 a year as well, not included in the sales number posted (480.000)

Competition / Market:

No bakery in the Market, it's part of our non competition lease agreement.

Reasons for selling:

We have no experience running a large retail business and at the pace it's growing, we feel it will be a challenge to run the work force necessary.
So far I have been running the production at night and my wife has been managing the retail side of the business. With no training or previous experience in retail, she is starting the feel overwhelmed.

Trading hours:

9 to 6 monday to saturday
11 to 5 sunday

Employees:
4 plus the 2 owners
Years established:
2013

Other Information

Support & training:

We can train or stay on staff, training period to be negotiated with buyer.

Furniture / Fixtures value:
$80,000 (CAD) - included in the asking price
Inventory / Stock value:
$5,000 (CAD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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