Small retail bakery and bistro in Eastern Ontario established 75 years and the last 5 years under new ownership. Well rounded baked products offering in a bistro environment. Anything from bread, scones, donuts, cupcakes, pies, croissants, squares and diverse sandwiches.
We have many catering orders with local school boards, retirement homes and businesses. We also participate in some local events and markets. We are also established with Uber Eats. The owner is retiring and is looking for a buyer, possibly a couple, who can expand the business with the current dedicated management and employees.
- Asking Price:
- $100K - $250K (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $250K - $500K (CAD)
- Cash Flow:
- $50K - $100K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
3 Year Lease (One year remaining)
- Leasehold Rent:
-
$28,400 (CAD) per annum
- Living Accommodation:
-
Potential opportunity for accommodations in one of 4 apartment units above the business. Needs to be planned for the appropriate buyer.
- Location:
-
Downtown Location
- Premises Details:
-
Bakery in BOH and Retail Sales and Bistro in FOH
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
Very good potential to supply more businesses, retirement homes, hospitals, school boards and institutions with catering orders. Current management more aligned to daily sales and not expanding opportunities.
- Competition / Market:
-
No similar sized retail bakery and bistro in the city other than Tim Hortons. Smaller coffee shops offer no daily fresh baked goods and do not offer significant catering orders for 50 or more people.
- Reasons for selling:
-
Owner is retiring and out of country many months of the year.
- Trading hours:
-
7:00am to 5:00pm, 7 days a week, Monday to Sunday.
- Employees:
- 6 Employees
- Years established:
- 5 Years
Other Information
- Support & training:
-
available for transition with owner, current manager and co-manager as necessary.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Vendor Take Back (VTB) possible for the appropriate candidate with agreed financial terms and supporting credit value rating.
- Furniture / Fixtures value:
- $85,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $15,000 (CAD) - included in the asking price
