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Listing ID: 2328033

Established Profitable Commercial Bakery In Victoria For Sale

Victoria BC, British Columbia, Canada

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: CA$ 980,000

Cash Flow: CA$ 125,000

Business Description

This is an excellent opportunity to purchase a profitable, established commercial bakery. The bakery has been in business for over 30 years. It operates out of a 4,000 square foot central location and specializes in delivering outstanding baked goods to local grocery stores, restaurants and cafes.

The business will turn over close to one million dollars in the 2016 fiscal year. This represents an 18% increase in year over year sales. The current owners do not actively work in the business yet the company will produce a profit of close to $90,000 this year. Under active management, the Seller’s Discretionary Earnings are estimated to be in excess of $125,000.

This is an excellent opportunity for a person with a bakery background to build on the impressive foundation laid by the current owners. The current owners have spent the better part of the last year upgrading the bakery’s infrastructure including adding new delivery vehicles, installing new signage on the premises and vehicles, developing and implementing new computerized production and time management systems, and adding new SKU’s to better service their grocery accounts. These upgrades will allow a new owner the ability to continue to expand the business.

For more information, please contact Keith MacKenzie at Chinook Business Brokers Ltd

Property Details

Size:

4000 square foot bakery with office space

Years Established:

32

Property Type:

Lease

FF&E:

CA$ 70,000

Inventory Value:

CA$ 35,000

Other Details

Business Location:

The bakery is centrally located n the City of Victoria. The location offers easy access to all areas of the city.

Premise Details:

The bakery leases a 4,000 square foot facility where they have been in continuous operation for more than 20 years. The current lease is for five years with two options to extend.

Competition:

The commercial bakery business is considered a mature industry and as such there is no shortage of competition. Fortunately, this bakery occupies a “sweet spot” insofar as it is having the capacity in terms of product range and bakery output to service the needs of even the largest local client but is still small enough to offer excellent service smaller restaurant and bakery accounts.

Expansion Potential:

There is tremendous opportunities for expansion. Sales grew by almost 20% this and the business infrastructure is in place to grow quickly under an ambitious new owner.

Operation Details

Employees:

11 FT, 8 PT

Trading Hours:

Baking occurs Sunday-Friday Baking is delivered from Monday to Saturday The office is open to take the orders Monday-Friday 8am-2:30pm

Support & Training:

Current owners will offer as much support as required to ensure that the new owners will be successful.

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