Leading-Edge Bagel Shop
Leading-Edge Bagel Shop
Price: $399,000
Location: Oakville, ON
Industry: Specialty Food Stores
Listing ID: 0605202002-RT
Listing Status: Sold
• 2year-old Bagel Shop with Excellent Branding, Recipes and Reputation.
• Prestigious Plaza Location in affluent South East Oakville, with ample parking and diversified tenants mix.
• Almost $500k invested in building the business. Equipment and leasehold improvements are in almost new condition.
• Price includes a fully equipped food truck which has not been used yet and the second location in Hamilton. This could be operated as a business line by itself and could be used in events, near schools, etc...
• Locally sourced ingredients and organic fresh ingredients, from specialized vendors that comply with OKO high-quality standards.
• The shop features menu items made with all-natural ingredients, from-scratch sandwiches, flavored cream cheeses and jams, as well as specialty beverages.
• This is a great opportunity for a family or an operator that enjoys baking.
Total Sales: $500,000
Cash Flow: $100,000
Reason For Sale:
Seller has health issues in the family. He is a corporate executive with extensive marketing background and does not enjoy managing a retail business.
Training & Support:
Seller willing to provide comprehensive training to new Buyer and will support the buyer for some time after closing.
Year Established: 2015
Employees: 11
Competition:
Unlike commercial bakeries, the inspiration behind this business is rooted in the idea of returning to traditional baking methods. They use a wood burning oven and dough is rolled every day from scratch without preservatives. Honey water-boiled, wood-fired bagels are prepared from scratch daily. This process produces a unique, specialized and authentic product which is vastly preferable over the competition.
Potential Growth:
Fully branded and well setup business with growth potential - sales have grown every month since operation began. Square One Mall in Mississauga invited the company to open a Seasonal Booth during the summer months, which operated with great success. The Booth can be operated again next Spring. Added use of Social Media advertising would facilitate growth.
This business could be franchised. Seller has marketing background and has developed a full branding manual for the business. Banks were impressed with business plan as prepared and presented.
Financing/Terms:
Seller is willing to discuss a partnership arrangement and/or financing terms with a qualified buyer.