* Included in Asking Price
With a 40 years old brand name, this Mediterranean bakery and European style deli specializes in fresh, daily prepared, inspired baked savoury pastries and premium cold cuts. Located in one of Toronto’s walkable downtown neighbourhoods, the business attracts consistent foot traffic throughout the year. The business capitalizes on its diversified and loyal customer base. A variety of baked product offerings create likely recurring revenue from its customer base, while attracting new customers wanting to try its fresh baked goods.
This is a great opportunity for an owner/operator with a food services background looking for a business that provides excellent options to grow both the top and bottom-lines of an existing profitable business. The business offers an opportunity to increase its presence within its current location, while further achieving economies of scale. The key leverage point for a purchaser is the turn-key operation combined with a stable client base, and expansion.
The business has predictable and stable revenues and cash flows.
Training and an agreed upon transitional period will be provided by the owner. An operations team is in place, allowing for ownership to be uninvolved in the day to day operation of the business.
Asking price (Business): $495,000
Revenue (2017):$ 1,285,000
3 year average SDE:$ 148,600
3 year average EBITDA: $ 108,600
Working capital included: $ 70,000
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