High Margin Artisan Bakery
Sold
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Listing details
Sold As listed until it sold, kept for reference.
Figures as reported by the seller. What is SDE?
Highlights
- Established in 2018
About this business
As the seller described it while it was for sale.
One of the most profitable artisan bakeries in BC is for sale. The business operates in an affluent mainland area and averages annual profit margins of 25% - 30%.
Working capital requirements are minimal at only $15,000, and the current lease has below-market rents locked in for the next 7 years.
The owner has systematized the production process of their bread and French pastries and built a passionate and loyal team of employees who run the business on a day-to-day basis.
Brand new kitchen and baking equipment was bought in 2019 and 2020, helping fuel 32% growth in 2021.
With a cloud-based sales system managing inventory and sales, this business is a true turn-key operation. The current owner pulls $300k per year from the company and is excited to share growth ideas to increase the next owner's take-home earnings into the future.
This business offers a creative outlet for any lover of quality foods while also delivering exceptional returns.
As readers know, quality companies with a proven model easily scaled and replicated are a rare commodity and do not come up that often.
The owner answers
As the owner answered while it was for sale.
- Why are you selling?
- Retirement.
Business details
| Detail | Information |
|---|---|
| Company name | High Margin Artisan Bakery |
| Business model | Traditional |
| Legal body | Incorporated |
| Established in | 2018 |
| Financing availableCSBFPThe Canada Small Business Financing Program. A federal program that helps lenders offer loans to small businesses by sharing part of their risk. What it can pay for is set by the program, so ask your lender. | Yes |
| Reference # | 152 |
| Last year of completed statements | 2021 |
| % of business selling | 100% |
Premises
| Detail | Information |
|---|---|
| Property | Land and building not included in the sale |
| Rent/Lease Amount | $4,031 CAD a month |
Buyer requirements
Buyer does not need to have experience owning & operating a business or franchise.
Buyer does not need specific industry experience.
Buyer's networth must be greater than $150,000 CAD
Location
BC, Canada
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