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Asking Price$675,000
Revenue$775,000 Established1998
Cash Flow$203,500 Employees5 full, 5 part
FF&E$77,500* FranchiseNo
Inventory$25,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Full scale bakery – offering, breads, buns, pastries, cakes, specialty cakes, cookies, pies, coffees, sandwiches and a host of other baked goods. The business focuses on high margin retail food products and enjoys above average customer loyalty. The company has a stringent focus on product quality and uniqueness not found anywhere else in the Okanogan. The atmosphere and customer service is so authentic; it is hard to visit the business without walking away charmed. The business has been established in BC for over 10 years, with a reputation that has spread beyond its regional boarders. With the increasingly health minded consumer, the business has seen a steady increase in customers seeking their higher quality, specialty food products. This increased demand, coupled with the tightening of operational controls in 2014 and 2015 has led to impressive unencumbered cash flows in the last three years. The bakery has a strong and loyal customer base, serving a delicious product with an incredibly attractive margin.
Facilities:The business is located on a very active street with high visibility and heavy vehicle traffic. There is plenty of parking, steps to the business entrance. This business occupies a 1,800 sq. ft. building space. The space is setup in a 50 / 50 split between retail and production. The general feeling of the bakery is homey and inviting. The business is completely furnished and is a functioning turnkey operation. All of the hard assets of the business are included in the price. These include furniture, fixtures, and equipment.
Competition:Franchise Bakeries - Direct competition for bread. Chain store offering a lower quality product. Grocery Stores - Direct competition for bread. Compete on availability. Much lower quality. Tim Hortons - Indirect competition. Less authentic product. Competing on price and volume.
Growth Potential:The following are areas of expansion currently available: - Wedding cake business. - Open weekends - Increase in product lines - Increased wholesale business - Adapt to new diet demands – Atkins, low carb, gluten free etc.
Training/Support:Training support will be provided at a level that is necessary to ensure success of a new owner. Up to 4 months.
Seller Financing:Owner financing up to 30% of the sale for a qualified buyer.
Sale Reason:Retierment
Ad #87754
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