Cafe and Bar
Cafe and Bar
Price: $410,000
Location: Located in center of Toronto downtown, close to the Toronto Metropolitan University (Ryerson) campus and students’ residences. Across from a building of Ontario Government (2000 employees) and a future building of TMU (Faculty of science and Student residences on Mutual St.). Traffic is high, clientele is primary Ryerson students and faculty, government and office buildings employees and neighborhood regulars from buildings nearby.
Industry: Cafeterias, Grill Buffets, and Buffets
Listing ID: 20230124
Listing Status: New
This business is a coffee shop with a full alcohol license and full bar service.
It was founded in 2016 to be a community hub with a focus on specialty coffees, craft beers and delicious food. It also offers private event venues which can host up to 100 guests.
Currently there are three owners with limited involvement in day-to-day operations.
Partners deal with Store Managers who manage day-to-day operations and owners are mostly involved in leadership and guidance to management.
The Café is already operated successfully with little involvement of owners.
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Owners moving out of city.
Training & Support:
Owners are willing to train a new buyer. To be negotiated.
Year Established: 2016
Employees: 8
Type of Location: Large leased space (2000sqf) with multiple tables and commuting tables (sharable). Industrial space with many electric outlets fitted near tables. Capacity of 100 indoor and 14 outdoor (patio). Coffee counter and bar that serves alcohol. 4 washrooms and a store. Fully accessible with Green P and street parking. Space is perfect for table service, sharable tables, and private events.
Competition:
This is a local independent café with a large capacity of 100 guests indoors and 14 on its patio. No other café in Downtown Toronto has that kind of space and proximity to TMU/ Ryerson students and faculty government and office employees. It’s the largest café in the neighborhood and is frequented by an average of 200-250 guests a day. It also has a full liquor license with full-service bar selling craft beers, cocktails and wines. Due to its large space, it is uniquely fitted to host large private events which no competitor in the neighborhood can. In 2020 the cafe invested in a state-of-the-art electric pizza oven which allowed it to expand its food offering and increase in-store and online sales.
Potential Growth:
This business is ripe for expansion with Brand Name Recognition coupled with efficient and tried processes to ensure revenue growth and control of costs. It could expand into coffee roasting, in-store and online retail and merchandise sales.
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