Summary

Status: Active
Region: Vancouver Island
Category: Accommodation and Food Services
Description:

Here is an opportunity to own a well established bakery that has operated in the community since 1985. This bakery was acquired from its founder over 17 years ago and has maintained the same loyal and dedicated following from its origins. It caters to both the individual and some commercial clientele. so it has a very solid basis.

The business specializes in two areas, but offers a wide spectrum of products. It foundation is high quality Artisan style bakery products. These products are sugar free, wheat free and organic. The bakery also makes breads, deserts, cakes and chocolates. They offer lunch products, including soup, daily for eat in or take out.

It boasts revenue near $1,000,000 annually and has net profit margins relative to the industry. The equipment is in good condition and the leaseholds of the property have been recently upgraded. There are many qualified long term staff that will remain with the business. The business is open Monday to Saturday, closed Sunday and holidays.

The owners are moving out of province and are looking for someone to take care of the business they worked to maintain. There are some avenues that a new owner could implement to expand the market and increase margins.

This business is located in vibrant and growing community on the east side of Vancouver Island. There is no other direct competition in this arena which provides a sound investment and opportunity to continue to build on the reputation the current owner has established.

For more information on this business contact Michael at BC Business Brokers at 250-751-7917 or 1-877-677-5520 or email nanaimo@sunbeltnetwork.com.

Broker: Michael Naprawa
Listing ID: VanIs1704
City/Town: Central Vancouver Island

Financials

Asking Price: $397,000
Revenue: $1,000,000
Net Cash Flow: $120,000 (SDE)
Monthly Payroll: $30,000
Inventory Asking Price: $10,000 (Included)

Property

Real Estate Available: No
Building Size: 2230
Rent: $27,000
Seats: 25
Parking: Yes

Operations

Franchise: No
Homebased: No
Relocatable: No
Full-Time Employees: 6
Trading Hours: Monday - Saturday 6 am to 6 pm
Reason for Sale: Moving out of province.