Outstanding Bakery & Cafe
Location Victoria, British Columbia, Canada
Asking Price Range $500K - $1.0M
Gross Revenues $1400000
Net Profit / Cash Flow $225000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Yes
Reason for Sale Retiring
Description The Bakery is in its 12th year of business with a strong and loyal following and is augmented by a vibrant wholesale trade.
Excellent reputation in the neighbourhood as well as in the larger community. This has become a truly favourite neighbourhood gathering place.
Sales had maintained well during the recession in comparison to the majority of other businesses that witnessed declines.
The breads, pastries and espresso based drinks are unquestionably ranked at the very highest level for Greater Victoria.
The breakfast, lunch and snack offerings are proven performers and compare extremely favourably with comparable items served in most other establishments.
They specialize in creating gluten-free products that are actually flavourful and delicious - which are extremely difficult to find.
The retail counter and caf‚ is augmented by a growing wholesale trade.
Staff training is given the highest priority.
Well documented Policy, Procedure and Operating Manuals provide guidance for maintaining day to day operational consistency for bakers, baristas and servers.
All recipe costing is calculated using sophisticated analytical tools that are utilized in analyzing and controlling cost variables by ingredients and by recipes.
An active ongoing marketing and promotional program combines online outreach, daily monitoring of review websites, targeted print collateral and exceptional involvement in community support.
The owners approach is that "good" is not good enough. They strive to make the guest experience great.
Facilities: Full-fledged bakery with retail storefront and cafe with outdoor patio.
Competition: Minimal - no direct threat.
Growth Potential: Significant potential to increase the wholesale trade
Training/Support: The owners will provide two weeks training and would consider providing a longer period of training and familiarization beyond this period if required by the buyer for a defined and mutually agreed upon contractual term.
Sale Reason: Re
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