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Bakery And Coffee Shop In Surrey For Sale

Surrey, British Columbia
Asking Price:
$339,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$707,000 (CAD)
Cash Flow:
$141,000 (CAD)

This bakery has been in business for nearly 20 years in an affluent Surrey neighbourhood. The current operators have successfully created a brand that is trusted by their loyal repeat customers. It bakes organic breads on-site daily (including gluten-free breads) along with fresh pastry’s, muffins, cookies and cakes. Customers also enjoy “home-made” soups and sandwiches for breakfast and lunch.

The business is located in a 3,000 sq. ft. high-traffic location with great exposure and ample parking. The premises has been improved and built-out to provide for a baking kitchen as well as a soup & sandwich kitchen, almost like two businesses in one. There is a sit-down eating area.

Property information

Real Estate:

Lease

Leasehold Rent:

$82,000 (CAD) per annum

Location:

Affluent area of Surrey. High-traffic location with great exposure and ample parking.

Premises Details:

The facility is 3,000 sq., ft. and contains seating area, display counter, commercial kitchen, baking facilities along with walk-ins (freezers & coolers). The business owners lease the property and are currently on the first year of 5-year terms with a 5-year option to renew. Currently, the unit is leased at $7,980 per month gross (including tax), which includes 8 designated parking spaces along with common parking. Nearby tenants include a "Dance Studio" – a successful dance studio that registers over 3,000 students and introduces many new customers into the bakery.

Size in square feet:
3,000

Business Operation

Expansion Potential:

Increase the whole-sale side of the business.

Reasons for selling:

Retirement

Trading hours:

Mon - Sat: 7:30am - 5:00pm

Employees:
2000

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$8,000 (CAD) - included in the asking price
Inventory / Stock value:
$4,000 (CAD)

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