Fine European Quality Bakeshop
Fine European Quality Bakeshop
Price: $300,000
Location: BURLINGTON
Listing ID: 20230727
Listing Status: Sold
This business is a leader in the field of cakes and pastries in southern Ontario. The bakehouse is
recognized for its “Quality, Consistency and Value-added Service” that is second to none.
It is often benchmarked in the industry and the company is well respected by customers,
business associates and fellow competitors in its trade. The bakehouse’s exceptional work, popularity and reliability rating have created a buzz in the media and the business has been featured numerous times on television and in magazines.
After almost 28 years the owner has achieved everything he set out to do and is willing to pass the reins to the next owner who will benefit from the Brand, Goodwill and Loyal Customers that he has accrued.
Total Sales: $665,941
Cash Flow: $157,000
FFE Included: Yes
Reason For Sale:
The owner wishes to retire and pass his business to another owner who will expand on the opportunities and possibilities which exist, even further.
Training & Support:
The owner is willing to train new owner for a time to be negotiated.
Year Established: 1996
Owner Hours Per Week: Mon-Fri 9am-5pm Sat 10am-3pm
Employees: 8 skilled employees
Type of Location: The company operates a Manufacturing Facility and Retail Cake Shop in close proximity to QEW, 403 and 407 highways.
Facilities Information:
2 units totaling 2,600 sq. ft. plus 2 mezzanine storage areas of 400 and 200 sq. ft.
Historical Summary:
Since 1996 this bakeshop has been successfully designing, producing, and distributing fine European quality desserts to some of the most elite names in the Hospitality Industry including Golf Clubs, Hotels, Convention Centers, Banquet Halls, Yacht Clubs, Private Clubs, Fine Dining Restaurants, and Fine Food Stores. The company also operates an in-house retail Cake shop for walk-in customers and pre-ordered cakes and desserts for all events.
Competition:
There are no competing businesses producing similar quality products in the geographic area.
Potential Growth:
The global cake and bakery market is a huge and budding industry which is projected to grow at a rate of 3.5% per year to 2026. Employment of bakers is projected to grow 8 percent from 2021 to 2031, faster than the average for all occupations.